Short Interest in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Increases By 149.0%

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 7,913 shares, a growth of 149.0% from the February 12th total of 3,178 shares. Based on an average trading volume of 16,330 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 16,330 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

Institutional investors have recently made changes to their positions in the stock. Truist Financial Corp purchased a new stake in Federated Hermes Short Duration High Yield ETF during the third quarter valued at $1,052,000. DAVENPORT & Co LLC lifted its stake in shares of Federated Hermes Short Duration High Yield ETF by 5.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 27,862 shares of the company’s stock valued at $648,000 after buying an additional 1,459 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Federated Hermes Short Duration High Yield ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 25,394 shares of the company’s stock worth $591,000 after purchasing an additional 670 shares in the last quarter. Prosperity Financial Group Inc. bought a new stake in shares of Federated Hermes Short Duration High Yield ETF during the third quarter valued at approximately $968,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in Federated Hermes Short Duration High Yield ETF by 357.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock worth $1,154,000 after purchasing an additional 38,738 shares in the last quarter.

Federated Hermes Short Duration High Yield ETF Price Performance

Shares of Federated Hermes Short Duration High Yield ETF stock opened at $22.93 on Friday. The business has a fifty day simple moving average of $23.28 and a two-hundred day simple moving average of $23.28. Federated Hermes Short Duration High Yield ETF has a 12 month low of $22.10 and a 12 month high of $23.47.

Federated Hermes Short Duration High Yield ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.1497 per share. This is a positive change from Federated Hermes Short Duration High Yield ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 7.8%.

Federated Hermes Short Duration High Yield ETF Company Profile

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.