Short Interest in Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Declines By 41.7%

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 3,518 shares, a drop of 41.7% from the May 31st total of 6,030 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 11,328 shares, the days-to-cover ratio is presently 0.3 days.

Federated Hermes MDT Large Cap Value ETF Stock Down 0.2%

Shares of NYSEARCA FLCV traded down $0.08 during midday trading on Wednesday, hitting $35.78. The company had a trading volume of 22,828 shares, compared to its average volume of 12,226. Federated Hermes MDT Large Cap Value ETF has a twelve month low of $29.20 and a twelve month high of $35.94. The business has a 50-day simple moving average of $34.69 and a two-hundred day simple moving average of $32.96. The firm has a market capitalization of $89.45 million, a price-to-earnings ratio of 18.26 and a beta of 0.77.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allegheny Financial Group acquired a new stake in shares of Federated Hermes MDT Large Cap Value ETF in the 4th quarter worth approximately $1,299,000. Eastern Bank increased its stake in Federated Hermes MDT Large Cap Value ETF by 1.8% in the 4th quarter. Eastern Bank now owns 84,638 shares of the company’s stock valued at $2,633,000 after purchasing an additional 1,464 shares in the last quarter. Comprehensive Financial Planning Inc. PA raised its holdings in Federated Hermes MDT Large Cap Value ETF by 35.2% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock worth $259,000 after purchasing an additional 2,168 shares during the last quarter. Capital Analysts LLC raised its holdings in Federated Hermes MDT Large Cap Value ETF by 385.7% during the fourth quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock worth $271,000 after purchasing an additional 6,915 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Federated Hermes MDT Large Cap Value ETF by 17.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 436,453 shares of the company’s stock worth $13,578,000 after purchasing an additional 63,601 shares in the last quarter.

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.