Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Sees Significant Increase in Short Interest

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 3,251 shares, a growth of 1,455.5% from the March 31st total of 209 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,371 shares, the short-interest ratio is presently 2.4 days.

Federated Hermes Short Duration Corporate ETF Stock Up 0.1%

Shares of FCSH stock traded up $0.03 during mid-day trading on Friday, hitting $24.34. 266 shares of the stock traded hands, compared to its average volume of 1,848. Federated Hermes Short Duration Corporate ETF has a twelve month low of $24.04 and a twelve month high of $24.64. The company’s 50-day simple moving average is $24.43 and its 200-day simple moving average is $24.46.

Federated Hermes Short Duration Corporate ETF Increases Dividend

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

Institutional Investors Weigh In On Federated Hermes Short Duration Corporate ETF

A hedge fund recently bought a new stake in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. purchased a new stake in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned about 0.56% of Federated Hermes Short Duration Corporate ETF at the end of the most recent quarter.

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.