Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 593,997 shares, a growth of 1,518.1% from the April 15th total of 36,710 shares. Based on an average daily volume of 216,923 shares, the short-interest ratio is currently 2.7 days. Approximately 3.1% of the shares of the company are sold short.

Federated Hermes Total Return Bond ETF Price Performance

Shares of NYSEARCA:FTRB traded down $0.06 during trading on Monday, hitting $25.16. The company’s stock had a trading volume of 59,608 shares, compared to its average volume of 149,787. The company has a 50-day moving average of $25.27 and a 200-day moving average of $25.42. Federated Hermes Total Return Bond ETF has a 12 month low of $24.62 and a 12 month high of $25.84. The firm has a market cap of $483.07 million, a price-to-earnings ratio of 8.09 and a beta of 0.12.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Motco raised its stake in Federated Hermes Total Return Bond ETF by 25.3% during the 4th quarter. Motco now owns 3,810 shares of the company’s stock worth $97,000 after acquiring an additional 770 shares during the period. Semmax Financial Advisors Inc. bought a new stake in Federated Hermes Total Return Bond ETF during the 2nd quarter worth approximately $123,000. Atlas Wealth LLC bought a new stake in Federated Hermes Total Return Bond ETF during the 4th quarter worth approximately $202,000. Index Technologies Group LLC purchased a new stake in Federated Hermes Total Return Bond ETF during the 4th quarter valued at approximately $229,000. Finally, First United Bank & Trust purchased a new stake in Federated Hermes Total Return Bond ETF during the 1st quarter valued at approximately $254,000.

About Federated Hermes Total Return Bond ETF

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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.

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