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

Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 360,016 shares, an increase of 428.8% from the August 15th total of 68,088 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 217,357 shares, the days-to-cover ratio is presently 1.7 days.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of NYSEARCA:FTRB traded down $0.04 during trading on Friday, hitting $24.45. The company’s stock had a trading volume of 205,251 shares, compared to its average volume of 142,796. Federated Hermes Total Return Bond ETF has a fifty-two week low of $24.45 and a fifty-two week high of $25.79. The business has a 50 day moving average price of $24.80 and a two-hundred day moving average price of $25.07. The company has a market capitalization of $589.25 million, a PE ratio of 8.09 and a beta of 0.12.

Institutional Trading of Federated Hermes Total Return Bond ETF

Institutional investors have recently bought and sold shares of the business. Wilkerson Advisory Group LLC increased its holdings in shares of Federated Hermes Total Return Bond ETF by 6.8% in the 1st quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock valued at $14,943,000 after acquiring an additional 37,775 shares during the last quarter. Hills Bank & Trust Co lifted its stake in Federated Hermes Total Return Bond ETF by 4.2% during the fourth quarter. Hills Bank & Trust Co now owns 2,638,018 shares of the company’s stock worth $66,979,000 after purchasing an additional 107,391 shares during the last quarter. Beaumont Financial Advisors LLC boosted its holdings in Federated Hermes Total Return Bond ETF by 191.0% in the first quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock valued at $6,898,000 after purchasing an additional 180,035 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Federated Hermes Total Return Bond ETF in the second quarter valued at approximately $1,629,000. Finally, Platform Technology Partners increased its stake in Federated Hermes Total Return Bond ETF by 5.4% in the first quarter. Platform Technology Partners now owns 480,861 shares of the company’s stock valued at $12,091,000 after purchasing an additional 24,524 shares during the last quarter.

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.