Federated Investors

FHI

Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $575.9 billion of customer assets, as of Dec. 31, 2019. The corporation offers 135 different types of mutual funds spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies and a range of separately managed account strategies. Clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.

Federated Investors has been a target of short sellers for a while. The current short interest of 5.74% is roughly at the average of the last 12 months (4.55%).