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

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 14,386 shares, a decline of 35.9% from the January 15th total of 22,456 shares. Based on an average daily volume of 179,310 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 179,310 shares, the short-interest ratio is presently 0.1 days.

Federated Hermes U.S. Strategic Dividend ETF Stock Up 1.2%

Federated Hermes U.S. Strategic Dividend ETF stock traded up $0.39 during midday trading on Friday, reaching $32.03. The stock had a trading volume of 20,662 shares, compared to its average volume of 176,008. The firm has a market cap of $631.03 million, a price-to-earnings ratio of 16.95 and a beta of 0.63. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $24.39 and a 52-week high of $32.04. The company has a fifty day moving average of $29.54 and a 200 day moving average of $28.84.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a dividend of $0.0696 per share. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, January 30th.

Institutional Trading of Federated Hermes U.S. Strategic Dividend ETF

Several institutional investors and hedge funds have recently made changes to their positions in FDV. LPL Financial LLC grew its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 16.0% during the fourth quarter. LPL Financial LLC now owns 2,621,893 shares of the company’s stock valued at $75,012,000 after buying an additional 361,737 shares during the last quarter. Raymond James Financial Inc. grew its position in Federated Hermes U.S. Strategic Dividend ETF by 2.3% during the third quarter. Raymond James Financial Inc. now owns 2,233,799 shares of the company’s stock valued at $63,931,000 after buying an additional 51,084 shares during the period. Thrivent Financial for Lutherans grew its position in Federated Hermes U.S. Strategic Dividend ETF by 5.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,758,936 shares of the company’s stock valued at $50,875,000 after buying an additional 89,928 shares during the period. Great Valley Advisor Group Inc. increased its holdings in Federated Hermes U.S. Strategic Dividend ETF by 9.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,742,820 shares of the company’s stock valued at $49,862,000 after buying an additional 148,995 shares in the last quarter. Finally, Ascension Capital Advisors Inc. raised its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 16.3% in the fourth quarter. Ascension Capital Advisors Inc. now owns 1,316,195 shares of the company’s stock worth $37,656,000 after acquiring an additional 184,498 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.