Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 11,083 shares, a decline of 47.0% from the September 30th total of 20,898 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 1,262 shares, the days-to-cover ratio is currently 8.8 days.
Hedge Funds Weigh In On Federated Hermes Short Duration Corporate ETF
An institutional investor recently raised its stake in Federated Hermes Short Duration Corporate ETF stock. Cordgrass Capital Advisors LLC boosted its stake in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Free Report) by 80.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,222 shares of the company’s stock after purchasing an additional 992 shares during the quarter. Cordgrass Capital Advisors LLC owned approximately 0.08% of Federated Hermes Short Duration Corporate ETF worth $52,000 at the end of the most recent reporting period.
Federated Hermes Short Duration Corporate ETF Stock Down 0.3%
NYSEARCA FCSH traded down $0.06 on Friday, reaching $23.81. The company had a trading volume of 1,728 shares, compared to its average volume of 1,725. The firm has a 50-day moving average of $23.81 and a 200-day moving average of $24.16. Federated Hermes Short Duration Corporate ETF has a 1 year low of $23.57 and a 1 year high of $24.64.
Federated Hermes Short Duration Corporate ETF Company Profile
The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.
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