Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Short Interest Down 76.3% in May

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 1,406 shares, a decline of 76.3% from the April 30th total of 5,928 shares. Based on an average daily volume of 16,698 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Federated Hermes MDT Large Cap Value ETF

Institutional investors have recently added to or reduced their stakes in the business. Allegheny Financial Group purchased a new stake in Federated Hermes MDT Large Cap Value ETF in the 4th quarter valued at approximately $1,299,000. Eastern Bank boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 1.8% during the 4th quarter. Eastern Bank now owns 84,638 shares of the company’s stock worth $2,633,000 after acquiring an additional 1,464 shares in the last quarter. Comprehensive Financial Planning Inc. PA boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 35.2% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock worth $259,000 after acquiring an additional 2,168 shares in the last quarter. Stonebridge Financial Group LLC MO purchased a new stake in shares of Federated Hermes MDT Large Cap Value ETF during the 1st quarter worth approximately $221,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 32.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock worth $1,281,000 after acquiring an additional 10,120 shares in the last quarter.

Federated Hermes MDT Large Cap Value ETF Stock Performance

FLCV traded up $0.01 during trading on Friday, reaching $34.94. The company’s stock had a trading volume of 2,688 shares, compared to its average volume of 11,468. Federated Hermes MDT Large Cap Value ETF has a 52-week low of $28.36 and a 52-week high of $35.03. The company’s fifty day moving average price is $33.20 and its 200-day moving average price is $32.19. The company has a market capitalization of $87.35 million, a price-to-earnings ratio of 18.26 and a beta of 0.80.

About Federated Hermes MDT Large Cap Value ETF

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.