Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Large Decline in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 976 shares, a decline of 58.3% from the July 30th total of 2,340 shares. Based on an average trading volume of 31,198 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. WFA of San Diego LLC purchased a new stake in shares of Federated Hermes Short Duration High Yield ETF in the second quarter worth $1,367,000. Steward Partners Investment Advisory LLC boosted its stake in Federated Hermes Short Duration High Yield ETF by 357.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock worth $1,154,000 after purchasing an additional 38,738 shares in the last quarter. LPL Financial LLC boosted its stake in Federated Hermes Short Duration High Yield ETF by 27.0% in the 4th quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock worth $1,104,000 after purchasing an additional 10,071 shares in the last quarter. Osaic Holdings Inc. grew its position in Federated Hermes Short Duration High Yield ETF by 10.4% during the 2nd quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock valued at $1,074,000 after purchasing an additional 4,351 shares during the last quarter. Finally, Prosperity Financial Group Inc. purchased a new stake in Federated Hermes Short Duration High Yield ETF during the 3rd quarter valued at about $968,000.

Federated Hermes Short Duration High Yield ETF Stock Performance

Shares of FHYS opened at $23.13 on Friday. Federated Hermes Short Duration High Yield ETF has a fifty-two week low of $22.77 and a fifty-two week high of $23.47. The firm’s 50-day simple moving average is $23.05 and its two-hundred day simple moving average is $23.10.

Federated Hermes Short Duration High Yield ETF Company Profile

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.