Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Up 619.8% in August

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 7,025 shares, an increase of 619.8% from the August 15th total of 976 shares. Based on an average daily volume of 26,653 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Federated Hermes Short Duration High Yield ETF Stock Performance

FHYS opened at $22.85 on Friday. The business has a 50 day moving average price of $23.02 and a two-hundred day moving average price of $23.07. Federated Hermes Short Duration High Yield ETF has a 1-year low of $22.77 and a 1-year high of $23.47.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

Several institutional investors have recently modified their holdings of the company. WFA of San Diego LLC bought a new position in Federated Hermes Short Duration High Yield ETF during the second quarter valued at about $1,367,000. Osaic Holdings Inc. lifted its holdings in Federated Hermes Short Duration High Yield ETF by 10.4% in the 2nd quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock valued at $1,074,000 after acquiring an additional 4,351 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Federated Hermes Short Duration High Yield ETF by 2.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock valued at $591,000 after purchasing an additional 670 shares in the last quarter. Prosperity Financial Group Inc. bought a new position in shares of Federated Hermes Short Duration High Yield ETF during the 3rd quarter valued at about $968,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the 3rd quarter worth approximately $252,000.

About Federated Hermes Short Duration High Yield ETF

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.