Short Interest in Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) Declines By 41.7%

Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,518 shares, a decrease of 41.7% from the May 31st total of 6,030 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 11,328 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Federated Hermes MDT Large Cap Value ETF

Several large investors have recently made changes to their positions in FLCV. Eastern Bank raised its stake in shares of Federated Hermes MDT Large Cap Value ETF by 227.0% in the 2nd quarter. Eastern Bank now owns 305,324 shares of the company’s stock valued at $10,948,000 after acquiring an additional 211,956 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in Federated Hermes MDT Large Cap Value ETF in the 4th quarter valued at $3,891,000. Steward Partners Investment Advisory LLC raised its position in Federated Hermes MDT Large Cap Value ETF by 17.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 436,453 shares of the company’s stock valued at $13,578,000 after purchasing an additional 63,601 shares during the period. Allegheny Financial Group purchased a new position in Federated Hermes MDT Large Cap Value ETF in the fourth quarter valued at about $1,299,000. Finally, Commonwealth Equity Services LLC lifted its position in Federated Hermes MDT Large Cap Value ETF by 32.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 41,192 shares of the company’s stock worth $1,281,000 after acquiring an additional 10,120 shares in the last quarter.

Federated Hermes MDT Large Cap Value ETF Trading Down 0.2%

Shares of Federated Hermes MDT Large Cap Value ETF stock traded down $0.08 during trading hours on Wednesday, reaching $35.78. The stock had a trading volume of 22,828 shares, compared to its average volume of 12,226. The firm has a market capitalization of $89.45 million, a price-to-earnings ratio of 18.26 and a beta of 0.77. Federated Hermes MDT Large Cap Value ETF has a 1 year low of $29.20 and a 1 year high of $35.94. The firm has a 50 day simple moving average of $34.69 and a two-hundred day simple moving average of $32.96.

Federated Hermes MDT Large Cap Value ETF Company Profile

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.