Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Update

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 360,016 shares, a growth of 428.8% from the August 15th total of 68,088 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 217,357 shares, the short-interest ratio is presently 1.7 days.

Federated Hermes Total Return Bond ETF Trading Down 0.1%

FTRB traded down $0.01 during trading hours on Friday, hitting $24.48. 114,128 shares of the company’s stock were exchanged, compared to its average volume of 141,776. The firm has a market cap of $589.85 million, a P/E ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a 12-month low of $24.47 and a 12-month high of $25.79. The firm has a 50 day moving average of $24.81 and a 200 day moving average of $25.07.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

Several large investors have recently bought and sold shares of FTRB. Hills Bank & Trust Co grew its position in shares of Federated Hermes Total Return Bond ETF by 4.2% during the fourth quarter. Hills Bank & Trust Co now owns 2,638,018 shares of the company’s stock worth $66,979,000 after acquiring an additional 107,391 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Federated Hermes Total Return Bond ETF by 14.4% in the third quarter. Raymond James Financial Inc. now owns 1,019,014 shares of the company’s stock valued at $25,873,000 after purchasing an additional 128,037 shares during the period. Wealth Intelligence LLC acquired a new stake in shares of Federated Hermes Total Return Bond ETF in the 4th quarter worth approximately $16,783,000. Wilkerson Advisory Group LLC grew its holdings in Federated Hermes Total Return Bond ETF by 6.8% in the first quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock valued at $14,943,000 after purchasing an additional 37,775 shares during the last quarter. Finally, MML Investors Services LLC raised its position in Federated Hermes Total Return Bond ETF by 11.6% during the fourth quarter. MML Investors Services LLC now owns 548,671 shares of the company’s stock worth $13,931,000 after acquiring an additional 56,967 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.