Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Short Interest Update

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,629 shares, a growth of 47.7% from the February 26th total of 4,488 shares. Based on an average daily volume of 928 shares, the short-interest ratio is presently 7.1 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Federated Hermes Short Duration Corporate ETF

An institutional investor recently bought a new position in Federated Hermes Short Duration Corporate ETF stock. Federated Hermes Inc. purchased a new position in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,065,689 shares of the company’s stock, valued at approximately $50,434,000. Federated Hermes Inc. owned approximately 79.45% of Federated Hermes Short Duration Corporate ETF at the end of the most recent quarter.

Federated Hermes Short Duration Corporate ETF Stock Performance

FCSH stock opened at $24.34 on Monday. The business has a 50 day moving average price of $24.47 and a two-hundred day moving average price of $24.48. Federated Hermes Short Duration Corporate ETF has a twelve month low of $23.87 and a twelve month high of $24.64.

Federated Hermes Short Duration Corporate ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.0847 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from Federated Hermes Short Duration Corporate ETF’s previous monthly dividend of $0.08.

Federated Hermes Short Duration Corporate ETF Company Profile

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