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 large drop in short interest in August. As of August 31st, there was short interest totaling 27,882 shares, a drop of 35.9% from the August 15th total of 43,531 shares. Based on an average trading volume of 115,486 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Federated Hermes U.S. Strategic Dividend ETF Trading Down 0.6%

Shares of NYSEARCA FDV opened at $32.53 on Friday. Federated Hermes U.S. Strategic Dividend ETF has a 12 month low of $27.76 and a 12 month high of $35.11. The firm has a market capitalization of $868.55 million, a price-to-earnings ratio of 16.95 and a beta of 0.49. The business has a 50-day moving average of $33.20 and a 200-day moving average of $31.90.

Hedge Funds Weigh In On Federated Hermes U.S. Strategic Dividend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Federated Hermes U.S. Strategic Dividend ETF by 8.1% in the first quarter. Bank of America Corp DE now owns 505,238 shares of the company’s stock valued at $15,561,000 after acquiring an additional 37,803 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in Federated Hermes U.S. Strategic Dividend ETF by 156.0% during the first quarter. Gateway Wealth Partners LLC now owns 28,596 shares of the company’s stock worth $881,000 after purchasing an additional 17,427 shares during the last quarter. Diversified Portfolios Inc. bought a new stake in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth about $566,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 60.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 324,110 shares of the company’s stock worth $9,273,000 after purchasing an additional 122,013 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 9.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 1,742,820 shares of the company’s stock worth $49,862,000 after purchasing an additional 148,995 shares in the last quarter.

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.