Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Up 47.7% in August

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 68,088 shares, an increase of 47.7% from the July 30th total of 46,100 shares. Based on an average trading volume of 105,892 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Motco increased its holdings in Federated Hermes Total Return Bond ETF by 25.3% in the 4th quarter. Motco now owns 3,810 shares of the company’s stock valued at $97,000 after buying an additional 770 shares during the period. Semmax Financial Advisors Inc. acquired a new position in shares of Federated Hermes Total Return Bond ETF during the second quarter worth $123,000. Atlas Wealth LLC bought a new position in Federated Hermes Total Return Bond ETF during the 4th quarter worth approximately $202,000. Index Technologies Group LLC bought a new position in shares of Federated Hermes Total Return Bond ETF in the 4th quarter worth about $229,000. Finally, First United Bank & Trust bought a new stake in shares of Federated Hermes Total Return Bond ETF in the 1st quarter valued at $254,000.

Federated Hermes Total Return Bond ETF Price Performance

FTRB stock traded down $0.09 during midday trading on Wednesday, reaching $24.58. 6,370 shares of the company were exchanged, compared to its average volume of 141,094. Federated Hermes Total Return Bond ETF has a one year low of $24.58 and a one year high of $25.84. The firm has a market capitalization of $592.38 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. The business has a 50-day moving average price of $24.89 and a two-hundred day moving average price of $25.12.

About Federated Hermes Total Return Bond ETF

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.