Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Up 106.7% in June

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 36,821 shares, an increase of 106.7% from the May 31st total of 17,815 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 16,915 shares, the days-to-cover ratio is presently 2.2 days.

Federated Hermes Short Duration High Yield ETF Price Performance

NYSEARCA:FHYS traded up $0.02 on Wednesday, hitting $23.06. The company’s stock had a trading volume of 29,091 shares, compared to its average volume of 19,710. Federated Hermes Short Duration High Yield ETF has a one year low of $22.77 and a one year high of $23.47. The stock has a fifty day moving average of $23.13 and a two-hundred day moving average of $23.19.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in Federated Hermes Short Duration High Yield ETF in the first quarter valued at approximately $307,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF during the first quarter worth $45,000. Janney Montgomery Scott LLC acquired a new position in shares of Federated Hermes Short Duration High Yield ETF during the first quarter worth $203,000. Kestra Private Wealth Services LLC increased its holdings in Federated Hermes Short Duration High Yield ETF by 46.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 37,010 shares of the company’s stock worth $848,000 after purchasing an additional 11,684 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Federated Hermes Short Duration High Yield ETF by 2.8% in the fourth quarter. Jane Street Group LLC now owns 28,923 shares of the company’s stock valued at $673,000 after purchasing an additional 797 shares during the last quarter.

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.