Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Sees Significant Increase in Short Interest

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,174 shares, an increase of 91.2% from the September 30th total of 2,183 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 114,350 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Eastern Bank increased its stake in Federated Hermes MDT Large Cap Value ETF by 227.0% in the 2nd quarter. Eastern Bank now owns 305,324 shares of the company’s stock worth $10,948,000 after buying an additional 211,956 shares in the last quarter. Comprehensive Financial Planning Inc. PA lifted its position in shares of Federated Hermes MDT Large Cap Value ETF by 81.8% in the second quarter. Comprehensive Financial Planning Inc. PA now owns 31,023 shares of the company’s stock valued at $1,112,000 after acquiring an additional 13,959 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of Federated Hermes MDT Large Cap Value ETF by 9.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 36,790 shares of the company’s stock worth $1,324,000 after purchasing an additional 3,025 shares in the last quarter. Finally, Capital Analysts LLC grew its position in shares of Federated Hermes MDT Large Cap Value ETF by 3.3% during the second quarter. Capital Analysts LLC now owns 9,786 shares of the company’s stock worth $351,000 after purchasing an additional 311 shares in the last quarter.

Federated Hermes MDT Large Cap Value ETF Stock Down 0.4%

Federated Hermes MDT Large Cap Value ETF stock opened at $37.86 on Friday. Federated Hermes MDT Large Cap Value ETF has a 52-week low of $29.60 and a 52-week high of $38.29. The company has a market cap of $230.95 million, a P/E ratio of 18.26 and a beta of 0.75. The business has a 50-day simple moving average of $37.12 and a two-hundred day simple moving average of $34.82.

Federated Hermes MDT Large Cap Value ETF Company Profile

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.