Short Interest in Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Rises By 328.9%

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 6,030 shares, an increase of 328.9% from the May 14th total of 1,406 shares. Based on an average daily volume of 5,374 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Federated Hermes MDT Large Cap Value ETF

Several institutional investors have recently made changes to their positions in FLCV. Stonebridge Financial Group LLC MO purchased a new stake in shares of Federated Hermes MDT Large Cap Value ETF during the first quarter worth $221,000. Comprehensive Financial Planning Inc. PA lifted its position in shares of Federated Hermes MDT Large Cap Value ETF by 35.2% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock worth $259,000 after acquiring an additional 2,168 shares in the last quarter. Capital Analysts LLC lifted its position in shares of Federated Hermes MDT Large Cap Value ETF by 385.7% during the fourth quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock worth $271,000 after acquiring an additional 6,915 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Federated Hermes MDT Large Cap Value ETF by 32.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock worth $1,281,000 after acquiring an additional 10,120 shares in the last quarter. Finally, Allegheny Financial Group purchased a new stake in shares of Federated Hermes MDT Large Cap Value ETF during the fourth quarter worth $1,299,000.

Federated Hermes MDT Large Cap Value ETF Trading Up 0.7%

Federated Hermes MDT Large Cap Value ETF stock opened at $35.46 on Friday. Federated Hermes MDT Large Cap Value ETF has a 12 month low of $28.54 and a 12 month high of $35.52. The business’s 50 day simple moving average is $33.94 and its 200 day simple moving average is $32.53. The company has a market cap of $88.65 million, a price-to-earnings ratio of 18.26 and a beta of 0.77.

Federated Hermes MDT Large Cap Value ETF Company Profile

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.