Short Interest in Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Drops By 57.1%

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 22,717 shares, a decline of 57.1% from the May 31st total of 52,990 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 38,723 shares, the days-to-cover ratio is currently 0.6 days.

Federated Hermes MDT Small Cap Core ETF Stock Up 0.4%

FSCC stock traded up $0.16 during trading on Monday, hitting $36.66. The company had a trading volume of 101,296 shares, compared to its average volume of 61,381. The firm has a market capitalization of $234.62 million, a P/E ratio of 15.80 and a beta of 1.27. Federated Hermes MDT Small Cap Core ETF has a 52-week low of $25.71 and a 52-week high of $36.87. The company has a 50 day simple moving average of $34.43 and a 200-day simple moving average of $32.14.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FSCC. Intellus Advisors LLC bought a new position in shares of Federated Hermes MDT Small Cap Core ETF during the 3rd quarter worth $8,886,000. Elevation Point Wealth Partners LLC purchased a new stake in Federated Hermes MDT Small Cap Core ETF in the third quarter worth about $8,402,000. Susquehanna International Group LLP purchased a new stake in Federated Hermes MDT Small Cap Core ETF in the third quarter worth about $411,000. DAVENPORT & Co LLC grew its holdings in Federated Hermes MDT Small Cap Core ETF by 76.7% during the 4th quarter. DAVENPORT & Co LLC now owns 12,078 shares of the company’s stock worth $362,000 after acquiring an additional 5,241 shares in the last quarter. Finally, Towerpoint Wealth LLC grew its holdings in Federated Hermes MDT Small Cap Core ETF by 5.1% during the 4th quarter. Towerpoint Wealth LLC now owns 25,464 shares of the company’s stock worth $764,000 after acquiring an additional 1,242 shares in the last quarter.

About Federated Hermes MDT Small Cap Core ETF

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.