Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 16,952 shares, a drop of 87.0% from the September 15th total of 130,309 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 466,170 shares, the days-to-cover ratio is currently 0.0 days.
Federated Hermes Total Return Bond ETF Price Performance
NYSEARCA FTRB remained flat at $24.01 on Friday. 487,988 shares of the company’s stock traded hands, compared to its average volume of 178,419. The business has a 50-day moving average price of $24.52 and a two-hundred day moving average price of $24.89. The stock has a market capitalization of $679.48 million, a price-to-earnings ratio of 8.09 and a beta of 0.13. Federated Hermes Total Return Bond ETF has a 52 week low of $23.86 and a 52 week high of $25.79.
Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF
A number of large investors have recently made changes to their positions in the company. First United Bank & Trust purchased a new stake in Federated Hermes Total Return Bond ETF in the 1st quarter worth about $254,000. Rehmann Capital Advisory Group grew its stake in shares of Federated Hermes Total Return Bond ETF by 11.9% during the second quarter. Rehmann Capital Advisory Group now owns 10,355 shares of the company’s stock valued at $260,000 after buying an additional 1,102 shares during the last quarter. OLD Second National Bank of Aurora grew its stake in shares of Federated Hermes Total Return Bond ETF by 13.4% during the first quarter. OLD Second National Bank of Aurora now owns 14,601 shares of the company’s stock valued at $367,000 after buying an additional 1,728 shares during the last quarter. First Citizens Financial Corp raised its holdings in shares of Federated Hermes Total Return Bond ETF by 12.8% in the second quarter. First Citizens Financial Corp now owns 24,455 shares of the company’s stock worth $614,000 after buying an additional 2,772 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Federated Hermes Total Return Bond ETF by 27.8% in the first quarter. Janney Montgomery Scott LLC now owns 39,634 shares of the company’s stock worth $997,000 after buying an additional 8,627 shares during the period.
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.
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