Cambridge Investment Research Advisors Inc. Boosts Stake in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS)

Cambridge Investment Research Advisors Inc. raised its position in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) by 37.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 65,401 shares of the company’s stock after purchasing an additional 17,898 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Federated Hermes Short Duration High Yield ETF were worth $1,494,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the fourth quarter valued at approximately $1,967,000.

Federated Hermes Short Duration High Yield ETF Stock Performance

Federated Hermes Short Duration High Yield ETF stock opened at $23.22 on Friday. The firm has a 50 day simple moving average of $23.02 and a 200-day simple moving average of $22.99. Federated Hermes Short Duration High Yield ETF has a 12-month low of $22.10 and a 12-month high of $25.34.

Federated Hermes Short Duration High Yield ETF 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.