Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Short Interest Update

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 35,594 shares, an increase of 65.4% from the August 15th total of 21,526 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 69,942 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Federated Hermes MDT Large Cap Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FLCG. Kestra Advisory Services LLC raised its position in Federated Hermes MDT Large Cap Growth ETF by 24.3% in the first quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock valued at $29,278,000 after purchasing an additional 191,570 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 41.7% during the first quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock worth $3,452,000 after purchasing an additional 33,955 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Federated Hermes MDT Large Cap Growth ETF in the first quarter valued at approximately $545,000. Cetera Investment Advisers acquired a new position in shares of Federated Hermes MDT Large Cap Growth ETF in the first quarter valued at approximately $1,481,000. Finally, Capital Analysts LLC raised its holdings in Federated Hermes MDT Large Cap Growth ETF by 26.7% in the 2nd quarter. Capital Analysts LLC now owns 21,692 shares of the company’s stock valued at $722,000 after buying an additional 4,576 shares during the last quarter.

Federated Hermes MDT Large Cap Growth ETF Stock Performance

NYSEARCA FLCG opened at $34.58 on Thursday. The firm’s fifty day moving average price is $34.60 and its two-hundred day moving average price is $33.32. The stock has a market cap of $594.78 million, a PE ratio of 32.19 and a beta of 1.19. Federated Hermes MDT Large Cap Growth ETF has a fifty-two week low of $28.69 and a fifty-two week high of $36.02.

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.