Short Interest in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Increases By 102.8%

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 14,593 shares, an increase of 102.8% from the November 30th total of 7,195 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 17,725 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 17,725 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in Federated Hermes Short Duration High Yield ETF by 2.7% in the third quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock valued at $591,000 after acquiring an additional 670 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Federated Hermes Short Duration High Yield ETF by 5.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 27,862 shares of the company’s stock valued at $648,000 after purchasing an additional 1,459 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF during the second quarter worth $46,000. Osaic Holdings Inc. increased its position in shares of Federated Hermes Short Duration High Yield ETF by 10.4% during the second quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock worth $1,074,000 after buying an additional 4,351 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Federated Hermes Short Duration High Yield ETF by 2,421.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,841 shares of the company’s stock worth $252,000 after buying an additional 10,411 shares during the last quarter.

Federated Hermes Short Duration High Yield ETF Price Performance

Shares of NYSEARCA FHYS remained flat at $23.43 during mid-day trading on Friday. 15,219 shares of the stock were exchanged, compared to its average volume of 15,658. The business has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $23.25. Federated Hermes Short Duration High Yield ETF has a 1-year low of $22.10 and a 1-year high of $23.46.

About Federated Hermes Short Duration High Yield ETF

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.