Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Short Interest Update

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 97,032 shares, a growth of 288.3% from the May 31st total of 24,991 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 76,997 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Federated Hermes MDT Large Cap Growth ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Wilkerson Advisory Group LLC bought a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the fourth quarter valued at approximately $31,000. Capital Analysts LLC boosted its position in shares of Federated Hermes MDT Large Cap Growth ETF by 11.9% during the fourth quarter. Capital Analysts LLC now owns 12,795 shares of the company’s stock worth $424,000 after acquiring an additional 1,357 shares during the last quarter. Towerpoint Wealth LLC grew its stake in Federated Hermes MDT Large Cap Growth ETF by 2.5% during the fourth quarter. Towerpoint Wealth LLC now owns 61,385 shares of the company’s stock valued at $2,030,000 after acquiring an additional 1,518 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Federated Hermes MDT Large Cap Growth ETF by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 81,500 shares of the company’s stock valued at $2,695,000 after acquiring an additional 2,076 shares during the last quarter. Finally, SHP Wealth Management bought a new stake in Federated Hermes MDT Large Cap Growth ETF in the 4th quarter valued at $87,000.

Federated Hermes MDT Large Cap Growth ETF Trading Up 0.8%

Federated Hermes MDT Large Cap Growth ETF stock traded up $0.25 during mid-day trading on Friday, hitting $32.44. The stock had a trading volume of 21,876 shares, compared to its average volume of 89,774. Federated Hermes MDT Large Cap Growth ETF has a one year low of $28.69 and a one year high of $35.46. The firm has a market capitalization of $476.87 million, a P/E ratio of 32.19 and a beta of 1.17. The firm’s 50 day moving average is $33.72 and its 200 day moving average is $32.50.

Federated Hermes MDT Large Cap Growth ETF Company Profile

The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies with higher forecasted growth values that are within the Russell 1000 Growth Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCG was launched on Jul 30, 2024 and is issued by Federated Hermes.