Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 52,990 shares, a growth of 86.2% from the May 14th total of 28,466 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 158,442 shares, the days-to-cover ratio is presently 0.3 days.
Hedge Funds Weigh In On Federated Hermes MDT Small Cap Core ETF
Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in Federated Hermes MDT Small Cap Core ETF by 353.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 417,496 shares of the company’s stock valued at $12,345,000 after acquiring an additional 325,478 shares during the period. Intellus Advisors LLC purchased a new stake in Federated Hermes MDT Small Cap Core ETF during the 3rd quarter valued at about $8,886,000. Elevation Point Wealth Partners LLC purchased a new stake in Federated Hermes MDT Small Cap Core ETF during the 3rd quarter valued at about $8,402,000. MML Investors Services LLC purchased a new stake in Federated Hermes MDT Small Cap Core ETF during the 4th quarter valued at about $4,340,000. Finally, Lifestyle Asset Management Inc. purchased a new stake in Federated Hermes MDT Small Cap Core ETF during the 4th quarter valued at about $1,233,000.
Federated Hermes MDT Small Cap Core ETF Price Performance
Shares of NYSEARCA FSCC opened at $35.51 on Monday. The firm has a market capitalization of $227.26 million, a P/E ratio of 15.80 and a beta of 1.27. The stock’s 50-day simple moving average is $33.46 and its two-hundred day simple moving average is $31.74. Federated Hermes MDT Small Cap Core ETF has a twelve month low of $25.09 and a twelve month high of $35.82.
About Federated Hermes MDT Small Cap Core ETF
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.
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