Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Update

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 18,380 shares, a growth of 1,937.7% from the March 31st total of 902 shares. Based on an average daily volume of 22,105 shares, the short-interest ratio is currently 0.8 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Federated Hermes Short Duration High Yield ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. WFA of San Diego LLC purchased a new position in Federated Hermes Short Duration High Yield ETF during the 2nd quarter valued at $1,367,000. Truist Financial Corp purchased a new stake in Federated Hermes Short Duration High Yield ETF in the third quarter worth $1,052,000. Prosperity Financial Group Inc. purchased a new stake in Federated Hermes Short Duration High Yield ETF in the third quarter worth $968,000. Steward Partners Investment Advisory LLC lifted its position in shares of Federated Hermes Short Duration High Yield ETF by 357.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock worth $1,154,000 after purchasing an additional 38,738 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Federated Hermes Short Duration High Yield ETF during the fourth quarter worth $562,000.

Federated Hermes Short Duration High Yield ETF Trading Up 0.1%

NYSEARCA FHYS opened at $23.22 on Friday. Federated Hermes Short Duration High Yield ETF has a fifty-two week low of $22.76 and a fifty-two week high of $23.47. The business’s fifty day moving average is $23.11 and its 200 day moving average is $23.24.

Federated Hermes Short Duration High Yield ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.1497 per share. This is a positive change from Federated Hermes Short Duration High Yield ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Friday, February 27th.

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.