Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 54,311 shares, a decrease of 50.9% from the April 30th total of 110,635 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 95,046 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Trading of Federated Hermes U.S. Strategic Dividend ETF
Several large investors have recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at $50,000. Comerica Bank acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at about $100,000. Fifth Third Bancorp acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF in the 1st quarter valued at about $108,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 590.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock valued at $148,000 after acquiring an additional 4,425 shares during the last quarter. Finally, Betterment LLC purchased a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 4th quarter valued at about $212,000.
Federated Hermes U.S. Strategic Dividend ETF Trading Up 0.0%
Shares of FDV traded up $0.01 during midday trading on Wednesday, reaching $31.11. 68,207 shares of the stock were exchanged, compared to its average volume of 150,872. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $26.91 and a 52 week high of $35.11. The company’s 50 day moving average is $30.99 and its two-hundred day moving average is $30.27. The company has a market capitalization of $740.42 million, a P/E ratio of 16.95 and a beta of 0.53.
About Federated Hermes U.S. Strategic Dividend ETF
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.
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