Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 53,113 shares, a decrease of 39.8% from the November 30th total of 88,281 shares. Based on an average daily trading volume, of 293,509 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 293,509 shares, the days-to-cover ratio is presently 0.2 days.
Federated Hermes U.S. Strategic Dividend ETF Trading Up 0.3%
NYSEARCA:FDV traded up $0.09 during mid-day trading on Tuesday, hitting $28.93. 169,631 shares of the company’s stock were exchanged, compared to its average volume of 96,986. Federated Hermes U.S. Strategic Dividend ETF has a fifty-two week low of $24.39 and a fifty-two week high of $29.80. The firm has a market capitalization of $480.24 million, a P/E ratio of 16.95 and a beta of 0.63. The company has a 50 day simple moving average of $28.59 and a 200-day simple moving average of $28.39.
Institutional Trading of Federated Hermes U.S. Strategic Dividend ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC raised its position in Federated Hermes U.S. Strategic Dividend ETF by 35.6% during the 1st quarter. HighTower Advisors LLC now owns 15,292 shares of the company’s stock worth $431,000 after purchasing an additional 4,014 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 391.1% in the first quarter. Kestra Advisory Services LLC now owns 62,356 shares of the company’s stock valued at $1,756,000 after buying an additional 49,659 shares during the period. Royal Bank of Canada increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 3.6% in the first quarter. Royal Bank of Canada now owns 156,275 shares of the company’s stock valued at $4,401,000 after buying an additional 5,448 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 27.4% during the first quarter. Integrated Wealth Concepts LLC now owns 175,512 shares of the company’s stock worth $4,942,000 after acquiring an additional 37,697 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 7.0% in the first quarter. NewEdge Advisors LLC now owns 236,906 shares of the company’s stock worth $6,671,000 after acquiring an additional 15,547 shares during the period.
About Federated Hermes U.S. Strategic Dividend ETF
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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