Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Significant Increase in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 17,815 shares, a growth of 113.5% from the May 14th total of 8,343 shares. Based on an average daily volume of 15,727 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

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

Federated Hermes Short Duration High Yield ETF Stock Performance

NYSEARCA FHYS traded up $0.06 on Monday, hitting $23.17. The stock had a trading volume of 1,362 shares, compared to its average volume of 19,870. Federated Hermes Short Duration High Yield ETF has a 52-week low of $22.77 and a 52-week high of $23.47. The firm has a 50-day moving average of $23.13 and a 200-day moving average of $23.21.

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.