Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Down 43.7% in July

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 33,307 shares, a decline of 43.7% from the June 30th total of 59,159 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 21,650 shares, the days-to-cover ratio is presently 1.5 days.

Federated Hermes Short Duration High Yield ETF Stock Performance

NYSEARCA:FHYS traded up $0.08 during midday trading on Thursday, hitting $23.04. 11,915 shares of the company traded hands, compared to its average volume of 19,189. The firm’s fifty day moving average is $23.10 and its 200-day moving average is $23.15. Federated Hermes Short Duration High Yield ETF has a 12-month low of $22.77 and a 12-month high of $23.47.

Institutional Investors Weigh In On Federated Hermes Short Duration High Yield ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of Federated Hermes Short Duration High Yield ETF in the 1st quarter worth about $307,000. Cassaday & Co Wealth Management LLC bought a new position in Federated Hermes Short Duration High Yield ETF during the 1st quarter valued at about $45,000. Janney Montgomery Scott LLC purchased a new stake in Federated Hermes Short Duration High Yield ETF in the 1st quarter worth about $203,000. Kestra Private Wealth Services LLC raised its position in Federated Hermes Short Duration High Yield ETF by 46.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 37,010 shares of the company’s stock worth $848,000 after purchasing an additional 11,684 shares during the period. Finally, 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 purchasing an additional 797 shares during the last quarter.

Federated Hermes Short Duration High Yield ETF Company Profile

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.