Short Interest in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Declines By 50.0%

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 46,100 shares, a drop of 50.0% from the July 15th total of 92,166 shares. Based on an average daily trading volume, of 136,508 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Federated Hermes Total Return Bond ETF

Several institutional investors have recently made changes to their positions in FTRB. Motco raised its holdings in shares of Federated Hermes Total Return Bond ETF by 25.3% in the fourth quarter. Motco now owns 3,810 shares of the company’s stock valued at $97,000 after purchasing an additional 770 shares during the last quarter. Semmax Financial Advisors Inc. bought a new position in shares of Federated Hermes Total Return Bond ETF in the second quarter valued at approximately $123,000. Atlas Wealth LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF during the fourth quarter valued at approximately $202,000. Index Technologies Group LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF during the fourth quarter valued at approximately $229,000. Finally, First United Bank & Trust bought a new stake in Federated Hermes Total Return Bond ETF during the first quarter worth $254,000.

Federated Hermes Total Return Bond ETF Price Performance

Shares of NYSEARCA FTRB traded down $0.04 during mid-day trading on Friday, reaching $24.82. 49,704 shares of the company’s stock traded hands, compared to its average volume of 136,017. The stock has a market cap of $598.16 million, a P/E ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a 1-year low of $24.65 and a 1-year high of $25.84. The business has a 50-day simple moving average of $24.97 and a 200 day simple moving average of $25.17.

About Federated Hermes Total Return Bond ETF

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.