Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Stock Short Interest Report for October

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 265,476 shares, an increase of 1,466.0% from the September 30th total of 16,952 shares. Based on an average trading volume of 427,557 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.9% of the company’s shares are sold short.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

Several large investors have recently added to or reduced their stakes in FTRB. Rehmann Capital Advisory Group grew its holdings in Federated Hermes Total Return Bond ETF by 11.9% in the second quarter. Rehmann Capital Advisory Group now owns 10,355 shares of the company’s stock worth $260,000 after purchasing an additional 1,102 shares during the period. OLD Second National Bank of Aurora boosted its holdings in Federated Hermes Total Return Bond ETF by 7.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 18,852 shares of the company’s stock worth $452,000 after acquiring an additional 1,270 shares during the last quarter. First Citizens Financial Corp grew its position in Federated Hermes Total Return Bond ETF by 12.8% in the 2nd quarter. First Citizens Financial Corp now owns 24,455 shares of the company’s stock worth $614,000 after purchasing an additional 2,772 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Federated Hermes Total Return Bond ETF by 27.8% during the first quarter. Janney Montgomery Scott LLC now owns 39,634 shares of the company’s stock worth $997,000 after acquiring an additional 8,627 shares during the period. Finally, Citadel Advisors LLC bought a new position in Federated Hermes Total Return Bond ETF during the second quarter valued at about $1,087,000.

Federated Hermes Total Return Bond ETF Stock Down 0.1%

FTRB traded down $0.03 during midday trading on Wednesday, hitting $24.38. 75,062 shares of the company were exchanged, compared to its average volume of 178,854. The firm has a market capitalization of $721.50 million, a P/E ratio of 8.09 and a beta of 0.13. The firm’s 50 day moving average price is $24.39 and its 200-day moving average price is $24.99. Federated Hermes Total Return Bond ETF has a 1-year low of $23.86 and a 1-year high of $25.79.

Federated Hermes Total Return Bond ETF Company Profile

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.