Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Sees Large Increase in Short Interest

by · The Markets Daily

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 265,476 shares, an increase of 1,466.0% from the September 30th total of 16,952 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 427,557 shares, the days-to-cover ratio is presently 0.6 days.

Federated Hermes Total Return Bond ETF Stock Up 0.1%

NYSEARCA:FTRB traded up $0.02 on Monday, reaching $24.39. 65,101 shares of the company’s stock traded hands, compared to its average volume of 178,114. The stock has a 50-day simple moving average of $24.41 and a 200-day simple moving average of $25.00. Federated Hermes Total Return Bond ETF has a 12 month low of $23.86 and a 12 month high of $25.79. The firm has a market cap of $721.94 million, a PE ratio of 8.09 and a beta of 0.13.

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

Several institutional investors have recently bought and sold shares of the business. Wilkerson Advisory Group LLC lifted its holdings in shares of Federated Hermes Total Return Bond ETF by 6.8% during the 1st quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock valued at $14,943,000 after purchasing an additional 37,775 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in Federated Hermes Total Return Bond ETF during the second quarter valued at $1,629,000. Beaumont Financial Advisors LLC raised its position in Federated Hermes Total Return Bond ETF by 191.0% during the first quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock valued at $6,898,000 after acquiring an additional 180,035 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Federated Hermes Total Return Bond ETF by 10.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 233,990 shares of the company’s stock valued at $5,872,000 after purchasing an additional 22,192 shares during the period. Finally, Broadway Wealth Solutions Inc. increased its stake in shares of Federated Hermes Total Return Bond ETF by 5.7% in the 3rd quarter. Broadway Wealth Solutions Inc. now owns 1,229,917 shares of the company’s stock valued at $29,457,000 after purchasing an additional 66,091 shares in the last quarter.

About Federated Hermes Total Return Bond ETF

(Get Free Report)

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.

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