Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Large Drop in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 62,648 shares, a decline of 87.7% from the May 31st total of 507,638 shares. Based on an average daily volume of 138,852 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Federated Hermes Total Return Bond ETF Trading Up 0.1%

Shares of FTRB traded up $0.02 during trading hours on Friday, reaching $25.27. 33,852 shares of the stock traded hands, compared to its average volume of 142,303. The company has a market cap of $485.18 million, a P/E ratio of 8.09 and a beta of 0.11. The company’s 50-day moving average price is $25.14 and its two-hundred day moving average price is $25.31. Federated Hermes Total Return Bond ETF has a 52-week low of $24.78 and a 52-week high of $25.84.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

Several institutional investors have recently added to or reduced their stakes in FTRB. Jane Street Group LLC lifted its stake in shares of Federated Hermes Total Return Bond ETF by 277.9% in the 1st quarter. Jane Street Group LLC now owns 65,221 shares of the company’s stock valued at $1,634,000 after purchasing an additional 47,962 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Federated Hermes Total Return Bond ETF by 1,493.6% in the 2nd quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock worth $22,364,000 after acquiring an additional 835,066 shares during the last quarter. Semmax Financial Advisors Inc. purchased a new position in shares of Federated Hermes Total Return Bond ETF during the 2nd quarter worth about $123,000. Citadel Advisors LLC grew its holdings in Federated Hermes Total Return Bond ETF by 67.6% during the 3rd quarter. Citadel Advisors LLC now owns 102,192 shares of the company’s stock valued at $2,595,000 after purchasing an additional 41,226 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in Federated Hermes Total Return Bond ETF by 13.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 169,396 shares of the company’s stock valued at $4,301,000 after purchasing an additional 19,869 shares during the last quarter.

About Federated Hermes Total Return Bond ETF

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.