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

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

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.