Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Up 113.5% in May

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 17,815 shares, an increase of 113.5% from the May 14th total of 8,343 shares. Based on an average daily volume of 15,727 shares, the short-interest ratio is currently 1.1 days. Currently, 0.8% of the company’s shares are short sold.

Federated Hermes Short Duration High Yield ETF Stock Performance

Shares of Federated Hermes Short Duration High Yield ETF stock traded down $0.04 during trading hours on Friday, hitting $23.11. The company’s stock had a trading volume of 23,104 shares, compared to its average volume of 20,041. Federated Hermes Short Duration High Yield ETF has a twelve month low of $22.77 and a twelve month high of $23.47. The firm has a fifty day moving average of $23.13 and a 200-day moving average of $23.21.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Large investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter valued at $45,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 25.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after purchasing an additional 500 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 1,202.9% in the 4th quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after purchasing an additional 4,078 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter valued at $203,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 3rd quarter valued at $252,000.

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.