Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Shares Shorted: Short Interest Up 226.2% in September

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 27,766 shares, a growth of 226.2% from the September 15th total of 8,512 shares. Based on an average daily volume of 45,075 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in Federated Hermes Short Duration High Yield ETF by 15.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 43,708 shares of the company’s stock valued at $1,007,000 after acquiring an additional 5,838 shares during the last quarter. NewEdge Advisors LLC lifted its position in Federated Hermes Short Duration High Yield ETF by 63.8% during the second quarter. NewEdge Advisors LLC now owns 21,950 shares of the company’s stock worth $506,000 after buying an additional 8,550 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Federated Hermes Short Duration High Yield ETF during the first quarter worth approximately $45,000. Janney Montgomery Scott LLC acquired a new position in Federated Hermes Short Duration High Yield ETF during the first quarter worth $203,000. Finally, Kestra Private Wealth Services LLC boosted its stake in Federated Hermes Short Duration High Yield ETF by 46.1% during the first quarter. Kestra Private Wealth Services LLC now owns 37,010 shares of the company’s stock worth $848,000 after buying an additional 11,684 shares during the last quarter.

Federated Hermes Short Duration High Yield ETF Trading Down 0.2%

FHYS stock traded down $0.05 during midday trading on Tuesday, reaching $22.56. The stock had a trading volume of 73,849 shares, compared to its average volume of 23,971. The company’s fifty day simple moving average is $22.86 and its 200 day simple moving average is $23.01. Federated Hermes Short Duration High Yield ETF has a 52-week low of $22.36 and a 52-week high of $23.47.

About Federated Hermes Short Duration High Yield ETF

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.