Short Interest in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Drops By 43.7%

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 33,307 shares, a decline of 43.7% from the June 30th total of 59,159 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 21,650 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Federated Hermes Short Duration High Yield ETF

Several large investors have recently modified their holdings of FHYS. WFA of San Diego LLC purchased a new position in Federated Hermes Short Duration High Yield ETF in the 2nd quarter valued at $1,367,000. Steward Partners Investment Advisory LLC raised its position in Federated Hermes Short Duration High Yield ETF by 357.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock worth $1,154,000 after buying an additional 38,738 shares during the last quarter. LPL Financial LLC raised its position in Federated Hermes Short Duration High Yield ETF by 27.0% during the 4th quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock worth $1,104,000 after buying an additional 10,071 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 10.4% in the 2nd quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock worth $1,074,000 after acquiring an additional 4,351 shares during the period. Finally, Prosperity Financial Group Inc. purchased a new stake in shares of Federated Hermes Short Duration High Yield ETF in the third quarter valued at about $968,000.

Federated Hermes Short Duration High Yield ETF Stock Down 0.0%

FHYS traded down $0.01 on Wednesday, hitting $23.00. 15,499 shares of the company traded hands, compared to its average volume of 19,240. The company has a 50 day moving average of $23.10 and a 200-day moving average of $23.15. Federated Hermes Short Duration High Yield ETF has a 12-month low of $22.77 and a 12-month high of $23.47.

Federated Hermes Short Duration High Yield ETF Company Profile

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.