Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Shares Shorted: Short Interest Down 97.9% in October

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 7,264 shares, a drop of 97.9% from the October 15th total of 346,465 shares. Based on an average trading volume of 47,360 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSCC. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in Federated Hermes MDT Small Cap Core ETF in the third quarter worth $44,423,000. Envestnet Asset Management Inc. boosted its holdings in shares of Federated Hermes MDT Small Cap Core ETF by 62.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,091,662 shares of the company’s stock valued at $40,752,000 after acquiring an additional 421,068 shares during the period. First Financial Bankshares Inc boosted its holdings in shares of Federated Hermes MDT Small Cap Core ETF by 1.7% during the third quarter. First Financial Bankshares Inc now owns 750,972 shares of the company’s stock valued at $25,128,000 after acquiring an additional 12,776 shares during the period. Frederick Financial Consultants LLC boosted its holdings in shares of Federated Hermes MDT Small Cap Core ETF by 1.5% during the third quarter. Frederick Financial Consultants LLC now owns 394,302 shares of the company’s stock valued at $13,193,000 after acquiring an additional 5,723 shares during the period. Finally, Heritage Trust Co grew its position in shares of Federated Hermes MDT Small Cap Core ETF by 1.6% during the third quarter. Heritage Trust Co now owns 64,541 shares of the company’s stock worth $2,160,000 after acquiring an additional 1,038 shares during the last quarter.

Federated Hermes MDT Small Cap Core ETF Stock Down 0.4%

Shares of NYSEARCA:FSCC traded down $0.14 during trading on Tuesday, hitting $34.06. 22,069 shares of the company traded hands, compared to its average volume of 77,686. The stock has a market capitalization of $453.00 million, a price-to-earnings ratio of 15.80 and a beta of 1.23. The business’s fifty day moving average is $34.13 and its 200-day moving average is $33.67. Federated Hermes MDT Small Cap Core ETF has a one year low of $27.83 and a one year high of $37.52.

Federated Hermes MDT Small Cap Core ETF Company Profile

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.