Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Short Interest Down 38.1% in June

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,490 shares, a drop of 38.1% from the June 15th total of 8,868 shares. Based on an average daily volume of 1,657 shares, the short-interest ratio is currently 3.3 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Federated Hermes Short Duration Corporate ETF

A hedge fund recently bought a new stake in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. acquired a new stake in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned 0.56% of Federated Hermes Short Duration Corporate ETF at the end of the most recent quarter.

Federated Hermes Short Duration Corporate ETF Price Performance

Shares of NYSEARCA FCSH opened at $24.08 on Friday. Federated Hermes Short Duration Corporate ETF has a 52-week low of $24.02 and a 52-week high of $24.64. The business’s 50 day moving average is $24.16 and its two-hundred day moving average is $24.34.

About Federated Hermes Short Duration Corporate ETF

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