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

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 17,454 shares, a drop of 73.6% from the June 30th total of 66,031 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 83,727 shares, the days-to-cover ratio is presently 0.2 days.

Federated Hermes MDT Large Cap Growth ETF Trading Down 0.4%

Shares of Federated Hermes MDT Large Cap Growth ETF stock traded down $0.12 on Friday, hitting $33.25. The stock had a trading volume of 56,933 shares, compared to its average volume of 88,628. Federated Hermes MDT Large Cap Growth ETF has a 52-week low of $28.69 and a 52-week high of $35.46. The stock has a market cap of $561.92 million, a price-to-earnings ratio of 32.19 and a beta of 1.20. The company’s 50 day moving average price is $33.81 and its 200 day moving average price is $32.61.

Institutional Investors Weigh In On Federated Hermes MDT Large Cap Growth ETF

Several large investors have recently modified their holdings of the company. MML Investors Services LLC purchased a new position in shares of Federated Hermes MDT Large Cap Growth ETF during the second quarter worth approximately $9,357,000. Susquehanna International Group LLP raised its position in Federated Hermes MDT Large Cap Growth ETF by 188.4% in the 3rd quarter. Susquehanna International Group LLP now owns 23,674 shares of the company’s stock valued at $773,000 after purchasing an additional 15,465 shares during the last quarter. Stegent Equity Advisors Inc. raised its position in Federated Hermes MDT Large Cap Growth ETF by 89.2% in the 4th quarter. Stegent Equity Advisors Inc. now owns 173,058 shares of the company’s stock valued at $5,723,000 after purchasing an additional 81,574 shares during the last quarter. Towerpoint Wealth LLC boosted its stake in Federated Hermes MDT Large Cap Growth ETF by 2.5% during the 4th quarter. Towerpoint Wealth LLC now owns 61,385 shares of the company’s stock worth $2,030,000 after purchasing an additional 1,518 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in Federated Hermes MDT Large Cap Growth ETF by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 81,500 shares of the company’s stock worth $2,695,000 after purchasing an additional 2,076 shares during the period.

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.