Short Interest in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Rises By 102.8%

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 14,593 shares, an increase of 102.8% from the November 30th total of 7,195 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 17,725 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 17,725 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

A number of hedge funds have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV bought a new position in Federated Hermes Short Duration High Yield ETF during the 2nd quarter valued at approximately $46,000. Steward Partners Investment Advisory LLC increased its stake in Federated Hermes Short Duration High Yield ETF by 2,421.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,841 shares of the company’s stock valued at $252,000 after purchasing an additional 10,411 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Federated Hermes Short Duration High Yield ETF in the third quarter worth about $252,000. Envestnet Asset Management Inc. lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 2.7% in the third quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock worth $591,000 after buying an additional 670 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Federated Hermes Short Duration High Yield ETF by 5.5% during the third quarter. DAVENPORT & Co LLC now owns 27,862 shares of the company’s stock valued at $648,000 after acquiring an additional 1,459 shares in the last quarter.

Federated Hermes Short Duration High Yield ETF Trading Down 0.0%

Shares of FHYS traded down $0.01 on Monday, reaching $23.42. The stock had a trading volume of 1,755 shares, compared to its average volume of 15,601. The company has a 50-day simple moving average of $23.30 and a 200-day simple moving average of $23.25. Federated Hermes Short Duration High Yield ETF has a 12-month low of $22.10 and a 12-month high of $23.46.

About Federated Hermes Short Duration High Yield ETF

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.