Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Short Interest Up 288.3% in June

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 97,032 shares, a growth of 288.3% from the May 31st total of 24,991 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 76,997 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Federated Hermes MDT Large Cap Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilkerson Advisory Group LLC acquired a new stake in shares of Federated Hermes MDT Large Cap Growth ETF in the 4th quarter worth approximately $31,000. SHP Wealth Management acquired a new position in shares of Federated Hermes MDT Large Cap Growth ETF during the fourth quarter valued at approximately $87,000. Capital Analysts LLC raised its holdings in Federated Hermes MDT Large Cap Growth ETF by 11.9% during the fourth quarter. Capital Analysts LLC now owns 12,795 shares of the company’s stock worth $424,000 after purchasing an additional 1,357 shares in the last quarter. Private Advisor Group LLC bought a new stake in Federated Hermes MDT Large Cap Growth ETF during the first quarter worth approximately $545,000. Finally, Kestra Private Wealth Services LLC bought a new stake in Federated Hermes MDT Large Cap Growth ETF during the fourth quarter worth approximately $635,000.

Federated Hermes MDT Large Cap Growth ETF Price Performance

Shares of NYSEARCA FLCG traded up $0.49 during midday trading on Monday, reaching $32.93. 13,172 shares of the company traded hands, compared to its average volume of 89,117. The company has a market cap of $484.07 million, a price-to-earnings ratio of 32.19 and a beta of 1.17. The stock has a 50-day moving average price of $33.72 and a 200 day moving average price of $32.50. Federated Hermes MDT Large Cap Growth ETF has a 52 week low of $28.69 and a 52 week high of $35.46.

Federated Hermes MDT Large Cap Growth ETF Company Profile

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