Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Short Interest Update

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 5,490 shares, a drop of 38.1% from the June 15th total of 8,868 shares. Based on an average daily trading volume, of 1,657 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Federated Hermes Short Duration Corporate ETF

A hedge fund recently bought a new stake in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. bought a new position in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned approximately 0.56% of Federated Hermes Short Duration Corporate ETF at the end of the most recent quarter.

Federated Hermes Short Duration Corporate ETF Trading Down 0.0%

Shares of NYSEARCA FCSH opened at $24.10 on Friday. The firm’s 50-day simple moving average is $24.17 and its 200 day simple moving average is $24.34. Federated Hermes Short Duration Corporate ETF has a 12-month low of $24.02 and a 12-month high of $24.64.

Federated Hermes Short Duration Corporate ETF Company Profile

The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.