Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Sees Large Growth in Short Interest

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,174 shares, an increase of 91.2% from the September 30th total of 2,183 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 114,350 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Federated Hermes MDT Large Cap Value ETF

Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Federated Hermes MDT Large Cap Value ETF in the 3rd quarter valued at $1,919,000. Kingswood Wealth Advisors LLC increased its position in shares of Federated Hermes MDT Large Cap Value ETF by 9.0% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 36,790 shares of the company’s stock worth $1,324,000 after purchasing an additional 3,025 shares in the last quarter. Eastern Bank lifted its holdings in Federated Hermes MDT Large Cap Value ETF by 0.3% during the 3rd quarter. Eastern Bank now owns 306,184 shares of the company’s stock valued at $11,021,000 after purchasing an additional 860 shares during the last quarter. Capital Analysts LLC lifted its holdings in Federated Hermes MDT Large Cap Value ETF by 3.3% during the 2nd quarter. Capital Analysts LLC now owns 9,786 shares of the company’s stock valued at $351,000 after purchasing an additional 311 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA lifted its holdings in Federated Hermes MDT Large Cap Value ETF by 81.8% during the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 31,023 shares of the company’s stock valued at $1,112,000 after purchasing an additional 13,959 shares during the last quarter.

Federated Hermes MDT Large Cap Value ETF Stock Performance

NYSEARCA FLCV traded up $0.16 during trading on Monday, reaching $38.02. 49,542 shares of the company traded hands, compared to its average volume of 28,277. The stock’s 50 day moving average price is $37.12 and its two-hundred day moving average price is $34.82. The company has a market cap of $231.92 million, a price-to-earnings ratio of 18.26 and a beta of 0.75. Federated Hermes MDT Large Cap Value ETF has a 1-year low of $29.60 and a 1-year high of $38.29.

Federated Hermes MDT Large Cap Value ETF Company Profile

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.