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

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 265,476 shares, an increase of 1,466.0% from the September 30th total of 16,952 shares. Based on an average trading volume of 427,557 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the shares of the company are short sold.

Federated Hermes Total Return Bond ETF Stock Up 0.1%

Federated Hermes Total Return Bond ETF stock traded up $0.01 during mid-day trading on Tuesday, hitting $24.40. 32,789 shares of the company’s stock traded hands, compared to its average volume of 177,405. The firm has a 50 day moving average price of $24.41 and a 200 day moving average price of $25.00. The company has a market cap of $722.36 million, a PE ratio of 8.09 and a beta of 0.13. Federated Hermes Total Return Bond ETF has a one year low of $23.86 and a one year high of $25.79.

Institutional Trading of Federated Hermes Total Return Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GTS Financial LLC purchased a new position in shares of Federated Hermes Total Return Bond ETF during the first quarter valued at $12,548,000. Beaumont Financial Advisors LLC lifted its position in Federated Hermes Total Return Bond ETF by 191.0% in the 1st quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock worth $6,898,000 after buying an additional 180,035 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Federated Hermes Total Return Bond ETF by 8.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 874,340 shares of the company’s stock valued at $21,942,000 after buying an additional 67,693 shares during the period. Broadway Wealth Solutions Inc. boosted its stake in shares of Federated Hermes Total Return Bond ETF by 5.7% during the 3rd quarter. Broadway Wealth Solutions Inc. now owns 1,229,917 shares of the company’s stock valued at $29,457,000 after buying an additional 66,091 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Federated Hermes Total Return Bond ETF during the 2nd quarter valued at $1,629,000.

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.