Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Update

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 593,997 shares, a growth of 1,518.1% from the April 15th total of 36,710 shares. Based on an average trading volume of 216,923 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Federated Hermes Total Return Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hills Bank & Trust Co grew its stake in Federated Hermes Total Return Bond ETF by 4.2% in the fourth quarter. Hills Bank & Trust Co now owns 2,638,018 shares of the company’s stock worth $66,979,000 after purchasing an additional 107,391 shares during the period. Broadway Wealth Solutions Inc. grew its stake in Federated Hermes Total Return Bond ETF by 6.1% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 1,036,532 shares of the company’s stock worth $26,318,000 after purchasing an additional 59,699 shares during the period. Raymond James Financial Inc. grew its stake in Federated Hermes Total Return Bond ETF by 14.4% in the third quarter. Raymond James Financial Inc. now owns 1,019,014 shares of the company’s stock worth $25,873,000 after purchasing an additional 128,037 shares during the period. Retirement Planning Group LLC grew its stake in Federated Hermes Total Return Bond ETF by 7.7% in the fourth quarter. Retirement Planning Group LLC now owns 989,679 shares of the company’s stock worth $25,128,000 after purchasing an additional 70,999 shares during the period. Finally, Wealth Intelligence LLC purchased a new stake in Federated Hermes Total Return Bond ETF in the fourth quarter worth $16,783,000.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of NYSEARCA FTRB remained flat at $25.08 during mid-day trading on Wednesday. The company had a trading volume of 65,044 shares, compared to its average volume of 147,893. The company has a market capitalization of $481.54 million, a P/E ratio of 8.09 and a beta of 0.12. The stock has a 50 day moving average of $25.25 and a two-hundred day moving average of $25.41. Federated Hermes Total Return Bond ETF has a one year low of $24.62 and a one year high of $25.84.

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.