Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Stock Short Interest Drops 47.6%

by · The Markets Daily

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 14,548 shares, a drop of 47.6% from the September 30th total of 27,766 shares. Based on an average daily trading volume, of 61,436 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the shares of the stock are sold short.

Federated Hermes Short Duration High Yield ETF Stock Down 0.6%

Shares of FHYS stock traded down $0.13 during trading hours on Friday, reaching $22.58. The stock had a trading volume of 16,271 shares, compared to its average volume of 24,044. Federated Hermes Short Duration High Yield ETF has a twelve month low of $22.36 and a twelve month high of $23.47. The firm has a 50-day simple moving average of $22.75 and a 200-day simple moving average of $23.03.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

A number of large investors have recently made changes to their positions in the business. Provenance Wealth Advisors LLC bought a new stake in Federated Hermes Short Duration High Yield ETF during the 3rd quarter worth approximately $32,000. Envestnet Asset Management Inc. boosted its position in shares of Federated Hermes Short Duration High Yield ETF by 15.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 43,708 shares of the company’s stock worth $1,007,000 after purchasing an additional 5,838 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Federated Hermes Short Duration High Yield ETF by 63.8% during the second quarter. NewEdge Advisors LLC now owns 21,950 shares of the company’s stock valued at $506,000 after purchasing an additional 8,550 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter valued at approximately $45,000. Finally, Janney Montgomery Scott LLC bought a new position in Federated Hermes Short Duration High Yield ETF during the 1st quarter worth about $203,000.

Federated Hermes Short Duration High Yield ETF Company Profile

(Get Free Report)

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.

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