Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Sees Significant Growth in Short Interest

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 16,557 shares, a growth of 81.7% from the June 30th total of 9,113 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 38,616 shares, the days-to-cover ratio is currently 0.4 days.

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

Institutional investors have recently bought and sold shares of the stock. Stonebridge Financial Group LLC MO acquired a new position in Federated Hermes MDT Large Cap Value ETF during the first quarter worth approximately $221,000. Comprehensive Financial Planning Inc. PA increased its holdings in shares of Federated Hermes MDT Large Cap Value ETF by 35.2% during the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 8,330 shares of the company’s stock worth $259,000 after buying an additional 2,168 shares during the last quarter. Capital Analysts LLC raised its position in shares of Federated Hermes MDT Large Cap Value ETF by 385.7% in the 4th quarter. Capital Analysts LLC now owns 8,708 shares of the company’s stock worth $271,000 after buying an additional 6,915 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Federated Hermes MDT Large Cap Value ETF by 32.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock worth $1,281,000 after buying an additional 10,120 shares during the period. Finally, Allegheny Financial Group purchased a new position in shares of Federated Hermes MDT Large Cap Value ETF in the 4th quarter worth $1,299,000.

Federated Hermes MDT Large Cap Value ETF Trading Up 0.5%

Shares of NYSEARCA FLCV traded up $0.19 on Friday, reaching $36.98. 13,941 shares of the company traded hands, compared to its average volume of 17,777. Federated Hermes MDT Large Cap Value ETF has a fifty-two week low of $29.20 and a fifty-two week high of $37.06. The company has a 50 day moving average of $35.66 and a 200 day moving average of $33.66. The stock has a market capitalization of $129.43 million, a PE ratio of 18.26 and a beta of 0.74.

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.