Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Large Decrease in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 12,009 shares, a drop of 34.7% from the April 15th total of 18,380 shares. Based on an average daily trading volume, of 13,408 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the company are sold short.

Federated Hermes Short Duration High Yield ETF Trading Up 0.0%

Federated Hermes Short Duration High Yield ETF stock traded up $0.01 during mid-day trading on Monday, hitting $23.04. The stock had a trading volume of 2,671 shares, compared to its average volume of 20,607. The firm’s 50 day moving average is $23.08 and its 200 day moving average is $23.23. Federated Hermes Short Duration High Yield ETF has a one year low of $22.77 and a one year high of $23.47.

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

Large investors have recently bought and sold shares of the business. Truist Financial Corp acquired a new stake in Federated Hermes Short Duration High Yield ETF in the third quarter valued at approximately $1,052,000. Jane Street Group LLC increased its stake in shares of Federated Hermes Short Duration High Yield ETF by 2.8% during the 4th quarter. Jane Street Group LLC now owns 28,923 shares of the company’s stock worth $673,000 after purchasing an additional 797 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Federated Hermes Short Duration High Yield ETF by 46.1% in the first quarter. Kestra Private Wealth Services LLC now owns 37,010 shares of the company’s stock valued at $848,000 after buying an additional 11,684 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Federated Hermes Short Duration High Yield ETF by 27.0% during the 4th quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock worth $1,104,000 after buying an additional 10,071 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the second quarter valued at about $1,367,000.

Federated Hermes Short Duration High Yield ETF Company Profile

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.