Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Down 93.0% in July

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 2,340 shares, a decrease of 93.0% from the July 15th total of 33,307 shares. Based on an average trading volume of 11,496 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Federated Hermes Short Duration High Yield ETF Stock Up 0.2%

Shares of FHYS traded up $0.05 during midday trading on Wednesday, reaching $22.98. 14,917 shares of the stock were exchanged, compared to its average volume of 19,837. The business’s 50-day moving average price is $23.07 and its 200 day moving average price is $23.12. Federated Hermes Short Duration High Yield ETF has a twelve month low of $22.77 and a twelve month high of $23.47.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the first quarter valued at approximately $45,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Federated Hermes Short Duration High Yield ETF by 25.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after acquiring an additional 500 shares during the period. Capital Analysts LLC raised its position in Federated Hermes Short Duration High Yield ETF by 1,202.9% in the 4th quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after purchasing an additional 4,078 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Federated Hermes Short Duration High Yield ETF during the 1st quarter worth $203,000. Finally, Kestra Private Wealth Services LLC purchased a new position in Federated Hermes Short Duration High Yield ETF during the 3rd quarter worth $252,000.

Federated Hermes Short Duration High Yield ETF Company Profile

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.