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

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 85,031 shares, an increase of 60.1% from the December 15th total of 53,113 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 202,592 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 202,592 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Trading of Federated Hermes U.S. Strategic Dividend ETF

Several hedge funds have recently modified their holdings of FDV. Thrivent Financial for Lutherans bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the third quarter valued at approximately $47,767,000. Raymond James Financial Inc. raised its position in Federated Hermes U.S. Strategic Dividend ETF by 283.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,182,715 shares of the company’s stock valued at $59,937,000 after purchasing an additional 1,612,810 shares during the last quarter. Fourpath Capital Management LLC acquired a new position in Federated Hermes U.S. Strategic Dividend ETF in the second quarter worth $11,406,000. Bank of America Corp DE grew its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 1,765.1% during the third quarter. Bank of America Corp DE now owns 219,318 shares of the company’s stock worth $6,277,000 after purchasing an additional 207,559 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 14.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,526,881 shares of the company’s stock worth $41,929,000 after purchasing an additional 193,484 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of NYSEARCA:FDV opened at $29.70 on Friday. The company’s fifty day moving average is $28.75 and its 200-day moving average is $28.52. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $24.39 and a 52 week high of $29.80. The company has a market capitalization of $596.97 million, a PE ratio of 16.95 and a beta of 0.63.

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.