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

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

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Several hedge funds have recently bought and sold shares of FHYS. Creative Financial Designs Inc. ADV increased its stake in Federated Hermes Short Duration High Yield ETF by 25.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the company’s stock worth $58,000 after purchasing an additional 500 shares during the period. Capital Analysts LLC boosted its stake in shares of Federated Hermes Short Duration High Yield ETF by 1,202.9% during the fourth quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after purchasing an additional 4,078 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Federated Hermes Short Duration High Yield ETF by 2,421.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 10,841 shares of the company’s stock worth $252,000 after purchasing an additional 10,411 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Federated Hermes Short Duration High Yield ETF in the third quarter worth about $252,000. Finally, Goldman Sachs Group Inc. purchased a new position in Federated Hermes Short Duration High Yield ETF in the 4th quarter worth about $562,000.

Federated Hermes Short Duration High Yield ETF Stock Performance

Shares of NYSEARCA:FHYS opened at $23.07 on Thursday. The business has a 50 day simple moving average of $23.29 and a two-hundred day simple moving average of $23.29. Federated Hermes Short Duration High Yield ETF has a 1 year low of $22.10 and a 1 year high of $23.47.

Federated Hermes Short Duration High Yield ETF Increases Dividend

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

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.