Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) Short Interest Update

Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 16,454 shares, a decrease of 53.8% from the August 31st total of 35,594 shares. Based on an average daily trading volume, of 53,825 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Federated Hermes MDT Large Cap Growth ETF Stock Performance

Federated Hermes MDT Large Cap Growth ETF stock traded up $0.04 during midday trading on Wednesday, reaching $35.60. 16,973 shares of the stock were exchanged, compared to its average volume of 79,730. Federated Hermes MDT Large Cap Growth ETF has a 52 week low of $28.69 and a 52 week high of $36.03. The firm has a market cap of $640.80 million, a PE ratio of 32.19 and a beta of 1.19. The company’s fifty day moving average is $34.86 and its 200-day moving average is $33.58.

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

Several large investors have recently added to or reduced their stakes in FLCG. Capital Analysts LLC raised its stake in Federated Hermes MDT Large Cap Growth ETF by 26.7% in the second quarter. Capital Analysts LLC now owns 21,692 shares of the company’s stock valued at $722,000 after purchasing an additional 4,576 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 59.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 16,058 shares of the company’s stock worth $535,000 after buying an additional 5,987 shares during the last quarter. Somerset Trust Co raised its position in shares of Federated Hermes MDT Large Cap Growth ETF by 30.6% during the 2nd quarter. Somerset Trust Co now owns 41,167 shares of the company’s stock valued at $1,371,000 after buying an additional 9,638 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 1st quarter valued at $1,481,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 41.7% during the 1st quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock worth $3,452,000 after acquiring an additional 33,955 shares during the last quarter.

Federated Hermes MDT Large Cap Growth ETF Company Profile

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