Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Short Interest Up 280.5% in April
by Amy Steele · The Cerbat GemFederated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 5,928 shares, an increase of 280.5% from the April 15th total of 1,558 shares. Based on an average daily trading volume, of 16,333 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.
Institutional Trading of Federated Hermes MDT Large Cap Value ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in FLCV. Wealth Enhancement Advisory Services LLC increased its stake in shares of Federated Hermes MDT Large Cap Value ETF by 1.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 164,207 shares of the company’s stock valued at $5,000,000 after buying an additional 2,344 shares in the last quarter. Eastern Bank increased its stake in shares of Federated Hermes MDT Large Cap Value ETF by 1.8% in the fourth quarter. Eastern Bank now owns 84,638 shares of the company’s stock valued at $2,633,000 after buying an additional 1,464 shares in the last quarter. Allegheny Financial Group acquired a new stake in shares of Federated Hermes MDT Large Cap Value ETF in the fourth quarter valued at $1,299,000. Comprehensive Financial Planning Inc. PA increased its stake in shares of Federated Hermes MDT Large Cap Value ETF by 35.2% in the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock valued at $259,000 after buying an additional 2,168 shares in the last quarter. Finally, Capital Analysts LLC increased its stake in shares of Federated Hermes MDT Large Cap Value ETF by 385.7% in the fourth quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock valued at $271,000 after buying an additional 6,915 shares in the last quarter.
Federated Hermes MDT Large Cap Value ETF Price Performance
Shares of NYSEARCA:FLCV traded down $0.35 during midday trading on Friday, reaching $33.95. The company’s stock had a trading volume of 21,036 shares, compared to its average volume of 12,063. Federated Hermes MDT Large Cap Value ETF has a fifty-two week low of $28.00 and a fifty-two week high of $34.70. The company has a market capitalization of $84.88 million, a P/E ratio of 18.26 and a beta of 0.80. The business’s fifty day simple moving average is $32.65 and its 200-day simple moving average is $31.88.
About Federated Hermes MDT Large Cap Value ETF
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.