Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Up 113.5% in May

by · The Markets Daily

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 17,815 shares, an increase of 113.5% from the May 14th total of 8,343 shares. Based on an average daily volume of 15,727 shares, the short-interest ratio is currently 1.1 days. Approximately 0.8% of the shares of the company are short sold.

Federated Hermes Short Duration High Yield ETF Price Performance

NYSEARCA:FHYS opened at $23.11 on Monday. The business has a fifty day moving average of $23.13 and a 200-day moving average of $23.21. Federated Hermes Short Duration High Yield ETF has a 1 year low of $22.77 and a 1 year high of $23.47.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

Several large investors have recently made changes to their positions in FHYS. Cassaday & Co Wealth Management LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF during the first quarter worth approximately $45,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 25.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after acquiring an additional 500 shares during the period. Capital Analysts LLC lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 1,202.9% during the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after acquiring an additional 4,078 shares during the period. Janney Montgomery Scott LLC bought a new position in Federated Hermes Short Duration High Yield ETF in the first quarter valued at about $203,000. Finally, Kestra Private Wealth Services LLC bought a new position in Federated Hermes Short Duration High Yield ETF in the third quarter valued at about $252,000.

About Federated Hermes Short Duration High Yield ETF

(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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