Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Short Interest Down 33.9% in August

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 39,762 shares, a drop of 33.9% from the July 30th total of 60,198 shares. Based on an average daily volume of 79,185 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

Federated Hermes MDT Small Cap Core ETF Price Performance

Shares of NYSEARCA FSCC traded down $0.45 during trading hours on Tuesday, hitting $34.96. 116,638 shares of the stock were exchanged, compared to its average volume of 63,691. Federated Hermes MDT Small Cap Core ETF has a one year low of $27.83 and a one year high of $37.52. The company’s 50 day moving average is $35.95 and its 200 day moving average is $33.69. The firm has a market capitalization of $307.65 million, a P/E ratio of 15.80 and a beta of 1.23.

Institutional Investors Weigh In On Federated Hermes MDT Small Cap Core ETF

Several hedge funds and other institutional investors have recently modified their holdings of FSCC. Arkadios Wealth Advisors bought a new stake in Federated Hermes MDT Small Cap Core ETF in the first quarter valued at $943,000. Waverly Advisors LLC acquired a new stake in shares of Federated Hermes MDT Small Cap Core ETF in the first quarter valued at $210,000. Johnson Financial Group Inc. bought a new position in shares of Federated Hermes MDT Small Cap Core ETF in the first quarter valued at about $362,000. Sanctuary Advisors LLC lifted its position in Federated Hermes MDT Small Cap Core ETF by 27.3% during the 1st quarter. Sanctuary Advisors LLC now owns 13,290 shares of the company’s stock worth $395,000 after buying an additional 2,850 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in Federated Hermes MDT Small Cap Core ETF during the 1st quarter worth about $7,970,000.

About Federated Hermes MDT Small Cap Core ETF

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.