Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Large Growth in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 507,638 shares, a growth of 1,396.0% from the May 14th total of 33,933 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average trading volume of 165,558 shares, the short-interest ratio is currently 3.1 days.

Federated Hermes Total Return Bond ETF Stock Up 0.1%

NYSEARCA FTRB traded up $0.02 during trading on Wednesday, reaching $25.03. 68,961 shares of the stock traded hands, compared to its average volume of 149,241. Federated Hermes Total Return Bond ETF has a fifty-two week low of $24.78 and a fifty-two week high of $25.84. The firm has a market cap of $480.58 million, a price-to-earnings ratio of 8.09 and a beta of 0.11. The stock’s 50-day moving average price is $25.15 and its 200 day moving average price is $25.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GTS Financial LLC acquired a new stake in shares of Federated Hermes Total Return Bond ETF in the 1st quarter valued at about $12,548,000. Signature Equity Partners LLC grew its holdings in shares of Federated Hermes Total Return Bond ETF by 23.1% during the first quarter. Signature Equity Partners LLC now owns 176,130 shares of the company’s stock worth $4,429,000 after buying an additional 33,016 shares in the last quarter. Wilkerson Advisory Group LLC raised its position in Federated Hermes Total Return Bond ETF by 6.8% in the 1st quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock valued at $14,943,000 after buying an additional 37,775 shares during the last quarter. Beaumont Financial Advisors LLC raised its position in Federated Hermes Total Return Bond ETF by 191.0% in the 1st quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock valued at $6,898,000 after buying an additional 180,035 shares during the last quarter. Finally, Quantum Portfolio Management LLC lifted its stake in Federated Hermes Total Return Bond ETF by 3.9% in the 1st quarter. Quantum Portfolio Management LLC now owns 208,911 shares of the company’s stock valued at $5,253,000 after acquiring an additional 7,750 shares in the last quarter.

Federated Hermes Total Return Bond ETF Company Profile

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.