Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Down 34.7% in April

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 12,009 shares, a drop of 34.7% from the April 15th total of 18,380 shares. Based on an average daily trading volume, of 13,408 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its position in Federated Hermes Short Duration High Yield ETF by 25.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after buying an additional 500 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Federated Hermes Short Duration High Yield ETF by 2.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock worth $591,000 after acquiring an additional 670 shares during the last quarter. Jane Street Group LLC lifted its stake in Federated Hermes Short Duration High Yield ETF by 2.8% in the fourth quarter. Jane Street Group LLC now owns 28,923 shares of the company’s stock worth $673,000 after acquiring an additional 797 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter worth about $45,000. Finally, Capital Analysts LLC grew its holdings in shares of Federated Hermes Short Duration High Yield ETF by 1,202.9% during the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after buying an additional 4,078 shares during the last quarter.

Federated Hermes Short Duration High Yield ETF Trading Up 0.0%

FHYS traded up $0.01 during trading on Monday, hitting $23.04. The company had a trading volume of 2,671 shares, compared to its average volume of 20,607. The firm’s 50-day moving average price is $23.08 and its 200 day moving average price is $23.23. Federated Hermes Short Duration High Yield ETF has a one year low of $22.77 and a one year high of $23.47.

About Federated Hermes Short Duration High Yield ETF

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.