Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Short Interest Update

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 85,031 shares, a growth of 60.1% from the December 15th total of 53,113 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 202,592 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 202,592 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans bought a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the third quarter worth approximately $47,767,000. Raymond James Financial Inc. lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 283.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,182,715 shares of the company’s stock valued at $59,937,000 after purchasing an additional 1,612,810 shares during the period. Fourpath Capital Management LLC bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 2nd quarter worth $11,406,000. Bank of America Corp DE lifted its stake in Federated Hermes U.S. Strategic Dividend ETF by 1,765.1% in the third quarter. Bank of America Corp DE now owns 219,318 shares of the company’s stock valued at $6,277,000 after buying an additional 207,559 shares during the period. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 14.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,526,881 shares of the company’s stock valued at $41,929,000 after acquiring an additional 193,484 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

Shares of FDV stock traded up $0.05 during trading hours on Friday, hitting $29.75. 179,439 shares of the company’s stock were exchanged, compared to its average volume of 246,585. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $24.39 and a 52 week high of $29.80. The stock has a market cap of $589.05 million, a price-to-earnings ratio of 16.95 and a beta of 0.63. The stock’s 50-day moving average is $28.78 and its 200-day moving average is $28.53.

Federated Hermes U.S. Strategic Dividend ETF Company Profile

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.