Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) Sees Significant Decrease in Short Interest

Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 39,762 shares, a decline of 33.9% from the July 30th total of 60,198 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 79,185 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC bought a new position in shares of Federated Hermes MDT Small Cap Core ETF during the first quarter worth $7,970,000. MML Investors Services LLC bought a new stake in shares of Federated Hermes MDT Small Cap Core ETF during the fourth quarter worth $4,340,000. Intellus Advisors LLC raised its holdings in shares of Federated Hermes MDT Small Cap Core ETF by 21.3% during the fourth quarter. Intellus Advisors LLC now owns 364,491 shares of the company’s stock worth $10,938,000 after acquiring an additional 63,966 shares during the period. Lifestyle Asset Management Inc. bought a new stake in Federated Hermes MDT Small Cap Core ETF in the 4th quarter valued at $1,233,000. Finally, Heritage Trust Co acquired a new position in Federated Hermes MDT Small Cap Core ETF in the 4th quarter worth $1,187,000.

Federated Hermes MDT Small Cap Core ETF Stock Down 1.3%

FSCC stock traded down $0.45 during midday trading on Tuesday, reaching $34.96. The stock had a trading volume of 116,638 shares, compared to its average volume of 63,691. The firm has a market cap of $307.65 million, a price-to-earnings ratio of 15.80 and a beta of 1.23. Federated Hermes MDT Small Cap Core ETF has a twelve month low of $27.83 and a twelve month high of $37.52. The business has a fifty day simple moving average of $35.95 and a two-hundred day simple moving average of $33.69.

Federated Hermes MDT Small Cap Core ETF Company Profile

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.