Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Sees Large Growth in Short Interest

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,499 shares, a growth of 194.0% from the April 30th total of 5,611 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 147,748 shares, the days-to-cover ratio is presently 0.1 days.

Federated Hermes MDT Large Cap Growth ETF Price Performance

Shares of Federated Hermes MDT Large Cap Growth ETF stock traded up $0.25 during trading on Friday, hitting $34.96. 10,719 shares of the company were exchanged, compared to its average volume of 96,053. The firm has a market capitalization of $513.91 million, a P/E ratio of 32.19 and a beta of 1.18. Federated Hermes MDT Large Cap Growth ETF has a 1-year low of $28.02 and a 1-year high of $35.01. The firm’s fifty day moving average price is $32.52 and its 200 day moving average price is $32.37.

Hedge Funds Weigh In On Federated Hermes MDT Large Cap Growth ETF

Institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. acquired a new position in shares of Federated Hermes MDT Large Cap Growth ETF during the 4th quarter worth about $19,330,000. Stegent Equity Advisors Inc. grew its position in shares of Federated Hermes MDT Large Cap Growth ETF by 89.2% during the 4th quarter. Stegent Equity Advisors Inc. now owns 173,058 shares of the company’s stock worth $5,723,000 after buying an additional 81,574 shares during the period. Kestra Private Wealth Services LLC acquired a new position in shares of Federated Hermes MDT Large Cap Growth ETF during the 4th quarter worth about $635,000. Towerpoint Wealth LLC lifted its stake in Federated Hermes MDT Large Cap Growth ETF by 2.5% in the fourth quarter. Towerpoint Wealth LLC now owns 61,385 shares of the company’s stock valued at $2,030,000 after buying an additional 1,518 shares in the last quarter. Finally, LPL Financial LLC bought a new position in Federated Hermes MDT Large Cap Growth ETF in the fourth quarter valued at approximately $5,153,000.

Federated Hermes MDT Large Cap Growth ETF Company Profile

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