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

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

Hedge Funds Weigh In On Federated Hermes Total Return Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FTRB. Jane Street Group LLC increased its position in Federated Hermes Total Return Bond ETF by 277.9% in the first quarter. Jane Street Group LLC now owns 65,221 shares of the company’s stock worth $1,634,000 after purchasing an additional 47,962 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Federated Hermes Total Return Bond ETF by 1,493.6% during the second quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock valued at $22,364,000 after buying an additional 835,066 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new stake in Federated Hermes Total Return Bond ETF in the second quarter valued at approximately $123,000. Citadel Advisors LLC raised its holdings in shares of Federated Hermes Total Return Bond ETF by 67.6% in the third quarter. Citadel Advisors LLC now owns 102,192 shares of the company’s stock worth $2,595,000 after buying an additional 41,226 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in Federated Hermes Total Return Bond ETF by 13.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 169,396 shares of the company’s stock worth $4,301,000 after acquiring an additional 19,869 shares during the period.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of FTRB traded down $0.07 during mid-day trading on Monday, reaching $24.75. The stock had a trading volume of 134,133 shares, compared to its average volume of 136,005. The business has a fifty day moving average of $24.96 and a 200 day moving average of $25.17. The firm has a market cap of $596.48 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a 12 month low of $24.65 and a 12 month high of $25.84.

Federated Hermes Total Return Bond ETF Company Profile

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.