Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Stock Short Interest Drops 42.6%

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 30,435 shares, a decrease of 42.6% from the August 31st total of 53,042 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 223,041 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in Federated Hermes MDT Small Cap Core ETF by 62.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,091,662 shares of the company’s stock worth $40,752,000 after purchasing an additional 421,068 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of Federated Hermes MDT Small Cap Core ETF during the first quarter worth about $943,000. Waverly Advisors LLC acquired a new position in shares of Federated Hermes MDT Small Cap Core ETF during the first quarter worth about $210,000. Johnson Financial Group Inc. purchased a new stake in shares of Federated Hermes MDT Small Cap Core ETF during the first quarter worth approximately $362,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Federated Hermes MDT Small Cap Core ETF by 27.3% during the first quarter. Sanctuary Advisors LLC now owns 13,290 shares of the company’s stock worth $395,000 after buying an additional 2,850 shares during the period.

Federated Hermes MDT Small Cap Core ETF Stock Performance

Shares of NYSEARCA:FSCC traded down $0.27 during trading on Wednesday, hitting $33.46. The company’s stock had a trading volume of 45,132 shares, compared to its average volume of 72,048. The business has a 50 day moving average price of $35.32 and a two-hundred day moving average price of $34.20. The company has a market capitalization of $414.90 million, a PE ratio of 15.80 and a beta of 1.22. Federated Hermes MDT Small Cap Core ETF has a fifty-two week low of $27.83 and a fifty-two week high of $37.52.

About Federated Hermes MDT Small Cap Core ETF

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.