Short Interest in Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Expands By 288.3%

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 97,032 shares, an increase of 288.3% from the May 31st total of 24,991 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 76,997 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Federated Hermes MDT Large Cap Growth ETF

A number of large investors have recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC purchased a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 4th quarter worth approximately $31,000. Capital Analysts LLC grew its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 11.9% in the fourth quarter. Capital Analysts LLC now owns 12,795 shares of the company’s stock valued at $424,000 after purchasing an additional 1,357 shares in the last quarter. Towerpoint Wealth LLC grew its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 2.5% in the fourth quarter. Towerpoint Wealth LLC now owns 61,385 shares of the company’s stock valued at $2,030,000 after purchasing an additional 1,518 shares in the last quarter. Sanctuary Advisors LLC increased its position in Federated Hermes MDT Large Cap Growth ETF by 2.6% in the fourth quarter. Sanctuary Advisors LLC now owns 81,500 shares of the company’s stock worth $2,695,000 after purchasing an additional 2,076 shares during the last quarter. Finally, SHP Wealth Management bought a new stake in Federated Hermes MDT Large Cap Growth ETF in the fourth quarter worth $87,000.

Federated Hermes MDT Large Cap Growth ETF Price Performance

Shares of FLCG stock traded up $0.25 during trading hours on Friday, hitting $32.44. The stock had a trading volume of 21,876 shares, compared to its average volume of 89,774. The stock has a market capitalization of $476.87 million, a price-to-earnings ratio of 32.19 and a beta of 1.17. Federated Hermes MDT Large Cap Growth ETF has a one year low of $28.69 and a one year high of $35.46. The stock’s 50-day moving average price is $33.72 and its two-hundred day moving average price is $32.50.

Federated Hermes MDT Large Cap Growth ETF Company Profile

The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies with higher forecasted growth values that are within the Russell 1000 Growth Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCG was launched on Jul 30, 2024 and is issued by Federated Hermes.