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 significant increase in short interest in 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. Based on an average daily trading volume, of 16,330 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 16,330 shares, the days-to-cover ratio is currently 0.5 days.

Federated Hermes Short Duration High Yield ETF Price Performance

FHYS traded down $0.03 during trading hours on Friday, reaching $22.93. 46,035 shares of the company’s stock traded hands, compared to its average volume of 21,993. The firm has a 50-day moving average price of $23.28 and a 200 day moving average price of $23.28. Federated Hermes Short Duration High Yield ETF has a 52-week low of $22.10 and a 52-week high of $23.47.

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 given a dividend of $0.1497 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. This is a positive change from Federated Hermes Short Duration High Yield ETF’s previous monthly dividend of $0.05. The ex-dividend date was Friday, February 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FHYS. Jane Street Group LLC increased its stake in Federated Hermes Short Duration High Yield ETF by 2.8% in the 4th quarter. Jane Street Group LLC now owns 28,923 shares of the company’s stock worth $673,000 after buying an additional 797 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Federated Hermes Short Duration High Yield ETF by 357.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock worth $1,154,000 after acquiring an additional 38,738 shares in the last quarter. Capital Analysts LLC grew its stake in Federated Hermes Short Duration High Yield ETF by 1,202.9% in the 4th quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock worth $103,000 after acquiring an additional 4,078 shares in the last quarter. LPL Financial LLC increased its position in shares of Federated Hermes Short Duration High Yield ETF by 27.0% during the fourth quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock worth $1,104,000 after acquiring an additional 10,071 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Federated Hermes Short Duration High Yield ETF during the fourth quarter valued at approximately $562,000.

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.