Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Up 1,396.0% in May
by Kim Johansen · The Markets DailyFederated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 507,638 shares, an increase of 1,396.0% from the May 14th total of 33,933 shares. Based on an average daily trading volume, of 165,558 shares, the short-interest ratio is currently 3.1 days. Currently, 2.6% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Allegheny Financial Group grew its position in shares of Federated Hermes Total Return Bond ETF by 43.4% during the 3rd quarter. Allegheny Financial Group now owns 253,500 shares of the company’s stock worth $6,436,000 after purchasing an additional 76,667 shares in the last quarter. Retirement Planning Group LLC grew its position in shares of Federated Hermes Total Return Bond ETF by 7.7% during the 4th quarter. Retirement Planning Group LLC now owns 989,679 shares of the company’s stock worth $25,128,000 after purchasing an additional 70,999 shares in the last quarter. RMR Wealth Builders grew its position in shares of Federated Hermes Total Return Bond ETF by 16.8% during the 4th quarter. RMR Wealth Builders now owns 207,788 shares of the company’s stock worth $5,276,000 after purchasing an additional 29,900 shares in the last quarter. Hills Bank & Trust Co grew its position in shares of Federated Hermes Total Return Bond ETF by 4.2% during the 4th quarter. Hills Bank & Trust Co now owns 2,638,018 shares of the company’s stock worth $66,979,000 after purchasing an additional 107,391 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. grew its position in shares of Federated Hermes Total Return Bond ETF by 6.1% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,036,532 shares of the company’s stock worth $26,318,000 after purchasing an additional 59,699 shares in the last quarter.
Federated Hermes Total Return Bond ETF Stock Performance
FTRB traded up $0.04 on Tuesday, reaching $25.01. The company had a trading volume of 32,336 shares, compared to its average volume of 149,989. Federated Hermes Total Return Bond ETF has a fifty-two week low of $24.78 and a fifty-two week high of $25.84. The stock has a market cap of $480.19 million, a P/E ratio of 8.09 and a beta of 0.11. The company’s fifty day moving average is $25.15 and its 200 day moving average is $25.34.
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.