Short Interest in Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Expands By 280.5%

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 5,928 shares, a growth of 280.5% from the April 15th total of 1,558 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,333 shares, the days-to-cover ratio is presently 0.4 days.

Federated Hermes MDT Large Cap Value ETF Price Performance

NYSEARCA:FLCV traded up $0.04 during trading hours on Wednesday, hitting $34.21. The company’s stock had a trading volume of 8,465 shares, compared to its average volume of 12,075. The stock has a fifty day simple moving average of $32.59 and a 200-day simple moving average of $31.84. The company has a market capitalization of $85.53 million, a P/E ratio of 18.26 and a beta of 0.80. Federated Hermes MDT Large Cap Value ETF has a twelve month low of $27.83 and a twelve month high of $34.70.

Institutional Trading of Federated Hermes MDT Large Cap Value ETF

Large investors have recently bought and sold shares of the business. Stonebridge Financial Group LLC MO acquired a new stake in Federated Hermes MDT Large Cap Value ETF in the first quarter valued at about $221,000. Comprehensive Financial Planning Inc. PA raised its position in Federated Hermes MDT Large Cap Value ETF by 35.2% in the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock valued at $259,000 after purchasing an additional 2,168 shares during the last quarter. Capital Analysts LLC raised its position in Federated Hermes MDT Large Cap Value ETF by 385.7% in the fourth quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock valued at $271,000 after purchasing an additional 6,915 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Federated Hermes MDT Large Cap Value ETF by 32.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock valued at $1,281,000 after purchasing an additional 10,120 shares during the last quarter. Finally, Allegheny Financial Group bought a new position in Federated Hermes MDT Large Cap Value ETF in the fourth quarter valued at about $1,299,000.

About Federated Hermes MDT Large Cap Value ETF

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.