Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Update

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 976 shares, a decline of 58.3% from the July 30th total of 2,340 shares. Based on an average daily volume of 31,198 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its stake in shares of Federated Hermes Short Duration High Yield ETF by 25.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock valued at $58,000 after purchasing an additional 500 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of 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 during the period. Jane Street Group LLC lifted its stake in shares of 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 during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Federated Hermes Short Duration High Yield ETF in the first quarter worth approximately $45,000. Finally, Capital Analysts LLC boosted its holdings in shares of Federated Hermes Short Duration High Yield ETF by 1,202.9% in the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock worth $103,000 after buying an additional 4,078 shares during the last quarter.

Federated Hermes Short Duration High Yield ETF Price Performance

FHYS opened at $23.13 on Friday. The firm has a 50 day moving average price of $23.05 and a 200-day moving average price of $23.10. Federated Hermes Short Duration High Yield ETF has a twelve month low of $22.77 and a twelve month high of $23.47.

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.