Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Short Interest Update

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 6,030 shares, an increase of 328.9% from the May 14th total of 1,406 shares. Based on an average daily trading volume, of 5,374 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLCV. Orion Porfolio Solutions LLC purchased a new position in shares of Federated Hermes MDT Large Cap Value ETF in the fourth quarter valued at $3,891,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 17.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 436,453 shares of the company’s stock valued at $13,578,000 after purchasing an additional 63,601 shares during the period. Allegheny Financial Group purchased a new position in shares of Federated Hermes MDT Large Cap Value ETF in the fourth quarter valued at $1,299,000. Commonwealth Equity Services LLC boosted its stake in shares of Federated Hermes MDT Large Cap Value ETF by 32.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock valued at $1,281,000 after purchasing an additional 10,120 shares during the period. Finally, Stonebridge Financial Group LLC MO purchased a new position in shares of Federated Hermes MDT Large Cap Value ETF in the first quarter valued at $221,000.

Federated Hermes MDT Large Cap Value ETF Trading Up 1.9%

FLCV traded up $0.65 during trading on Thursday, hitting $35.21. 5,653 shares of the company’s stock were exchanged, compared to its average volume of 11,502. Federated Hermes MDT Large Cap Value ETF has a 1 year low of $28.54 and a 1 year high of $35.39. The stock has a 50 day moving average price of $33.86 and a 200 day moving average price of $32.51. The firm has a market cap of $88.03 million, a P/E ratio of 18.26 and a beta of 0.77.

Federated Hermes MDT Large Cap Value ETF Company Profile

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.