Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Short Interest Up 1,455.5% in April

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

Federated Hermes Short Duration Corporate ETF Stock Performance

Shares of NYSEARCA FCSH opened at $24.34 on Friday. Federated Hermes Short Duration Corporate ETF has a 52-week low of $24.04 and a 52-week high of $24.64. The firm has a 50 day moving average price of $24.42 and a 200 day moving average price of $24.46.

Federated Hermes Short Duration Corporate ETF Increases Dividend

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

Institutional Investors 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. Envestnet Asset Management Inc. acquired a new position in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned approximately 0.56% of Federated Hermes Short Duration Corporate ETF as of its most recent SEC filing.

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.