Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Short Interest Down 57.1% in June

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 22,717 shares, a decrease of 57.1% from the May 31st total of 52,990 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 38,723 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Federated Hermes MDT Small Cap Core ETF

Institutional investors have recently modified their holdings of the company. Essex Financial Services Inc. lifted its position in Federated Hermes MDT Small Cap Core ETF by 2.7% during the fourth quarter. Essex Financial Services Inc. now owns 25,799 shares of the company’s stock valued at $774,000 after acquiring an additional 670 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in Federated Hermes MDT Small Cap Core ETF in the fourth quarter worth $25,000. Towerpoint Wealth LLC grew its holdings in Federated Hermes MDT Small Cap Core ETF by 5.1% in the fourth quarter. Towerpoint Wealth LLC now owns 25,464 shares of the company’s stock worth $764,000 after purchasing an additional 1,242 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Federated Hermes MDT Small Cap Core ETF by 9.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 30,727 shares of the company’s stock worth $922,000 after purchasing an additional 2,663 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Federated Hermes MDT Small Cap Core ETF by 27.3% during the first quarter. Sanctuary Advisors LLC now owns 13,290 shares of the company’s stock worth $395,000 after purchasing an additional 2,850 shares in the last quarter.

Federated Hermes MDT Small Cap Core ETF Stock Performance

FSCC stock traded up $0.45 during trading on Tuesday, reaching $37.33. 16,995 shares of the company traded hands, compared to its average volume of 61,392. The business has a 50 day simple moving average of $34.61 and a 200 day simple moving average of $32.23. Federated Hermes MDT Small Cap Core ETF has a 12 month low of $25.71 and a 12 month high of $37.45. The company has a market capitalization of $238.91 million, a price-to-earnings ratio of 15.80 and a beta of 1.27.

About Federated Hermes MDT Small Cap Core ETF

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.