Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) Sees Large Decrease in Short Interest

Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 23,803 shares, a drop of 45.7% from the May 31st total of 43,872 shares. Based on an average daily trading volume, of 13,086 shares, the short-interest ratio is presently 1.8 days. Currently, 0.7% of the company’s shares are sold short.

Federated Hermes MDT Large Cap Core ETF Trading Up 0.8%

Federated Hermes MDT Large Cap Core ETF stock opened at $34.84 on Tuesday. The firm has a market capitalization of $111.49 million, a P/E ratio of 24.00 and a beta of 1.00. The business has a 50-day moving average of $34.65 and a 200-day moving average of $33.04. Federated Hermes MDT Large Cap Core ETF has a 1 year low of $29.88 and a 1 year high of $35.83.

Hedge Funds Weigh In On Federated Hermes MDT Large Cap Core ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLCC. BlueStem Wealth Partners LLC bought a new stake in shares of Federated Hermes MDT Large Cap Core ETF in the 3rd quarter valued at $12,545,000. GTS Financial LLC bought a new position in Federated Hermes MDT Large Cap Core ETF during the first quarter worth about $5,105,000. Baer Investment Advisory LLC bought a new position in Federated Hermes MDT Large Cap Core ETF during the first quarter worth about $625,000. Wealth Enhancement Advisory Services LLC acquired a new position in Federated Hermes MDT Large Cap Core ETF in the fourth quarter valued at about $580,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Federated Hermes MDT Large Cap Core ETF in the fourth quarter valued at about $353,000.

Federated Hermes MDT Large Cap Core ETF Company Profile

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