Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Shares Shorted: Short Interest Down 42.6% in September

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 30,435 shares, a drop of 42.6% from the August 31st total of 53,042 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 223,041 shares, the days-to-cover ratio is presently 0.1 days.

Federated Hermes MDT Small Cap Core ETF Trading Up 0.5%

Shares of FSCC stock traded up $0.18 on Thursday, hitting $33.64. The stock had a trading volume of 28,045 shares, compared to its average volume of 71,814. Federated Hermes MDT Small Cap Core ETF has a twelve month low of $27.83 and a twelve month high of $37.52. The company has a fifty day moving average price of $35.28 and a two-hundred day moving average price of $34.23. The firm has a market cap of $423.86 million, a P/E ratio of 15.80 and a beta of 1.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSCC. Envestnet Asset Management Inc. increased its holdings in shares of Federated Hermes MDT Small Cap Core ETF by 62.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,091,662 shares of the company’s stock worth $40,752,000 after acquiring an additional 421,068 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Federated Hermes MDT Small Cap Core ETF during the 1st quarter valued at about $7,970,000. Lifestyle Asset Management Inc. bought a new position in shares of Federated Hermes MDT Small Cap Core ETF during the 4th quarter valued at about $1,233,000. Heritage Trust Co acquired a new position in shares of Federated Hermes MDT Small Cap Core ETF in the 4th quarter valued at approximately $1,187,000. Finally, Intrua Financial LLC acquired a new position in shares of Federated Hermes MDT Small Cap Core ETF in the 1st quarter valued at approximately $1,087,000.

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.