Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV – Get Free Report) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 75,052 shares, an increase of 421.7% from the January 29th total of 14,386 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 100,525 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 100,525 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are sold short.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of Federated Hermes U.S. Strategic Dividend ETF stock traded up $0.13 on Thursday, hitting $31.90. The company had a trading volume of 37,802 shares, compared to its average volume of 161,334. Federated Hermes U.S. Strategic Dividend ETF has a 1 year low of $24.39 and a 1 year high of $32.21. The stock has a 50 day moving average of $30.10 and a 200-day moving average of $29.08. The stock has a market capitalization of $628.35 million, a price-to-earnings ratio of 16.95 and a beta of 0.63.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were issued a dividend of $0.0696 per share. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new position in Federated Hermes U.S. Strategic Dividend ETF in the third quarter worth $47,767,000. Raymond James Financial Inc. boosted its stake in Federated Hermes U.S. Strategic Dividend ETF by 283.0% in the second quarter. Raymond James Financial Inc. now owns 2,182,715 shares of the company’s stock valued at $59,937,000 after acquiring an additional 1,612,810 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter valued at approximately $26,135,000. JPMorgan Chase & Co. purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter worth approximately $19,173,000. Finally, LPL Financial LLC raised its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 16.0% in the 4th quarter. LPL Financial LLC now owns 2,621,893 shares of the company’s stock worth $75,012,000 after purchasing an additional 361,737 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Company Profile

(Get Free Report)

The Federated Hermes U.S. Strategic Dividend ETF (FDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund seeks income and long-term capital appreciation through an actively managed portfolio of high dividend-paying US stocks with the potential for dividend growth. FDV was launched on Nov 15, 2022 and is managed by Federated Hermes.

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