Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Large Drop in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 130,309 shares, a decrease of 63.8% from the August 31st total of 360,016 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 233,216 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in Federated Hermes Total Return Bond ETF by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 874,340 shares of the company’s stock valued at $21,942,000 after acquiring an additional 67,693 shares in the last quarter. Wilkerson Advisory Group LLC lifted its stake in Federated Hermes Total Return Bond ETF by 6.8% in the 1st quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock worth $14,943,000 after purchasing an additional 37,775 shares in the last quarter. GTS Financial LLC bought a new stake in Federated Hermes Total Return Bond ETF in the 1st quarter worth approximately $12,548,000. Platform Technology Partners raised its stake in Federated Hermes Total Return Bond ETF by 5.4% during the first quarter. Platform Technology Partners now owns 480,861 shares of the company’s stock valued at $12,091,000 after purchasing an additional 24,524 shares in the last quarter. Finally, Allegheny Financial Group lifted its holdings in shares of Federated Hermes Total Return Bond ETF by 8.9% in the 1st quarter. Allegheny Financial Group now owns 364,934 shares of the company’s stock valued at $9,176,000 after acquiring an additional 29,776 shares during the last quarter.

Federated Hermes Total Return Bond ETF Stock Performance

NYSEARCA FTRB traded down $0.05 on Tuesday, hitting $24.03. The stock had a trading volume of 123,953 shares, compared to its average volume of 165,552. The firm has a 50-day moving average of $24.67 and a 200-day moving average of $24.97. Federated Hermes Total Return Bond ETF has a 52-week low of $23.99 and a 52-week high of $25.79. The company has a market capitalization of $620.08 million, a price-to-earnings ratio of 8.09 and a beta of 0.12.

Federated Hermes Total Return Bond ETF Company Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.