Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Large Increase in Short Interest

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 68,088 shares, a growth of 47.7% from the July 30th total of 46,100 shares. Based on an average daily trading volume, of 105,892 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Federated Hermes Total Return Bond ETF Trading Down 0.1%

Shares of FTRB stock traded down $0.03 on Tuesday, hitting $24.66. 169,022 shares of the stock were exchanged, compared to its average volume of 141,545. The firm’s 50 day moving average is $24.90 and its two-hundred day moving average is $25.13. Federated Hermes Total Return Bond ETF has a one year low of $24.65 and a one year high of $25.84. The firm has a market capitalization of $594.31 million, a PE ratio of 8.09 and a beta of 0.12.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTRB. Motco raised its position in shares of Federated Hermes Total Return Bond ETF by 25.3% in the fourth quarter. Motco now owns 3,810 shares of the company’s stock valued at $97,000 after purchasing an additional 770 shares during the period. Semmax Financial Advisors Inc. bought a new position in Federated Hermes Total Return Bond ETF in the 2nd quarter worth approximately $123,000. Atlas Wealth LLC purchased a new position in Federated Hermes Total Return Bond ETF in the 4th quarter valued at approximately $202,000. Index Technologies Group LLC purchased a new position in Federated Hermes Total Return Bond ETF in the 4th quarter valued at approximately $229,000. Finally, First United Bank & Trust bought a new stake in Federated Hermes Total Return Bond ETF during the 1st quarter valued at $254,000.

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.