Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Significant Decrease in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 33,933 shares, a drop of 94.3% from the April 30th total of 593,997 shares. Based on an average daily volume of 140,262 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

A number of hedge funds have recently modified their holdings of the business. Allegheny Financial Group raised its stake 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 buying an additional 76,667 shares during the last quarter. RMR Wealth Builders raised its stake in shares of Federated Hermes Total Return Bond ETF by 24.2% during the 3rd quarter. RMR Wealth Builders now owns 177,888 shares of the company’s stock worth $4,534,000 after buying an additional 34,654 shares during the last quarter. Retirement Planning Group LLC raised its stake 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 buying an additional 70,999 shares during the last quarter. Hills Bank & Trust Co raised its stake 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 buying an additional 107,391 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. raised its stake 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 buying an additional 59,699 shares during the last quarter.

Federated Hermes Total Return Bond ETF Stock Performance

FTRB stock traded up $0.07 during midday trading on Thursday, reaching $25.18. 459,737 shares of the company were exchanged, compared to its average volume of 148,832. Federated Hermes Total Return Bond ETF has a 1-year low of $24.74 and a 1-year high of $25.84. The stock’s 50-day simple moving average is $25.16 and its 200 day simple moving average is $25.37. The company has a market cap of $483.46 million, a price-to-earnings ratio of 8.09 and a beta of 0.12.

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.