Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Stock Short Interest Drops 63.8%

by · The Cerbat Gem

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 130,309 shares, a decline of 63.8% from the August 31st total of 360,016 shares. Based on an average daily volume of 233,216 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FTRB. Wilkerson Advisory Group LLC lifted its position in shares of Federated Hermes Total Return Bond ETF by 6.8% in the 1st quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock valued at $14,943,000 after acquiring an additional 37,775 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Federated Hermes Total Return Bond ETF during the 2nd quarter valued at $1,629,000. Beaumont Financial Advisors LLC raised its holdings in Federated Hermes Total Return Bond ETF by 191.0% during the first quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock valued at $6,898,000 after buying an additional 180,035 shares in the last quarter. GTS Financial LLC acquired a new stake in Federated Hermes Total Return Bond ETF in the 1st quarter worth approximately $12,548,000. Finally, Platform Technology Partners boosted its holdings in shares of Federated Hermes Total Return Bond ETF by 5.4% during the 1st quarter. Platform Technology Partners now owns 480,861 shares of the company’s stock worth $12,091,000 after buying an additional 24,524 shares during the period.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of FTRB stock traded down $0.10 during mid-day trading on Monday, reaching $24.08. 198,369 shares of the company were exchanged, compared to its average volume of 165,865. The company has a market capitalization of $621.26 million, a P/E ratio of 8.09 and a beta of 0.12. The business’s 50 day simple moving average is $24.67 and its 200 day simple moving average is $24.97. Federated Hermes Total Return Bond ETF has a fifty-two week low of $24.04 and a fifty-two week high of $25.79.

About Federated Hermes Total Return Bond ETF

(Get Free Report)

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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