Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Short Interest Down 87.7% in June

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 62,648 shares, a decline of 87.7% from the May 31st total of 507,638 shares. Based on an average trading volume of 138,852 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of Federated Hermes Total Return Bond ETF by 277.9% during the 1st quarter. Jane Street Group LLC now owns 65,221 shares of the company’s stock worth $1,634,000 after buying an additional 47,962 shares during the last quarter. Raymond James Financial Inc. grew its position in Federated Hermes Total Return Bond ETF by 1,493.6% in the second quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock worth $22,364,000 after acquiring an additional 835,066 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in Federated Hermes Total Return Bond ETF during the second quarter worth $123,000. Citadel Advisors LLC increased its stake in Federated Hermes Total Return Bond ETF by 67.6% during the third quarter. Citadel Advisors LLC now owns 102,192 shares of the company’s stock worth $2,595,000 after acquiring an additional 41,226 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Federated Hermes Total Return Bond ETF by 13.3% in the third quarter. Integrated Wealth Concepts LLC now owns 169,396 shares of the company’s stock valued at $4,301,000 after purchasing an additional 19,869 shares during the period.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of FTRB stock traded up $0.02 on Friday, hitting $25.27. 33,852 shares of the stock traded hands, compared to its average volume of 142,303. The firm’s 50-day moving average price is $25.14 and its two-hundred day moving average price is $25.31. The stock has a market capitalization of $485.18 million, a PE ratio of 8.09 and a beta of 0.11. Federated Hermes Total Return Bond ETF has a twelve month low of $24.78 and a twelve month 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.