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

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 16,952 shares, a decrease of 87.0% from the September 15th total of 130,309 shares. Based on an average daily trading volume, of 466,170 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Federated Hermes Total Return Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. First United Bank & Trust bought a new position in Federated Hermes Total Return Bond ETF in the first quarter valued at approximately $254,000. Rehmann Capital Advisory Group increased its stake in Federated Hermes Total Return Bond ETF by 11.9% in the second quarter. Rehmann Capital Advisory Group now owns 10,355 shares of the company’s stock valued at $260,000 after purchasing an additional 1,102 shares in the last quarter. OLD Second National Bank of Aurora boosted its position in shares of Federated Hermes Total Return Bond ETF by 13.4% during the first quarter. OLD Second National Bank of Aurora now owns 14,601 shares of the company’s stock worth $367,000 after purchasing an additional 1,728 shares in the last quarter. First Citizens Financial Corp grew its holdings in shares of Federated Hermes Total Return Bond ETF by 12.8% in the 2nd quarter. First Citizens Financial Corp now owns 24,455 shares of the company’s stock valued at $614,000 after buying an additional 2,772 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Federated Hermes Total Return Bond ETF by 27.8% in the first quarter. Janney Montgomery Scott LLC now owns 39,634 shares of the company’s stock worth $997,000 after acquiring an additional 8,627 shares in the last quarter.

Federated Hermes Total Return Bond ETF Price Performance

Shares of NYSEARCA:FTRB remained flat at $24.01 on Friday. 487,988 shares of the stock traded hands, compared to its average volume of 178,419. The company has a fifty day moving average of $24.52 and a 200 day moving average of $24.89. Federated Hermes Total Return Bond ETF has a 52 week low of $23.86 and a 52 week high of $25.79. The company has a market cap of $679.48 million, a P/E ratio of 8.09 and a beta of 0.13.

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.