Short Interest in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Drops By 35.9%

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 27,882 shares, a drop of 35.9% from the August 15th total of 43,531 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 115,486 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Federated Hermes U.S. Strategic Dividend ETF

Hedge funds have recently bought and sold shares of the stock. Great Valley Advisor Group Inc. increased its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 9.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 1,742,820 shares of the company’s stock valued at $49,862,000 after purchasing an additional 148,995 shares in the last quarter. Ascension Capital Advisors Inc. grew its position in Federated Hermes U.S. Strategic Dividend ETF by 16.3% during the fourth quarter. Ascension Capital Advisors Inc. now owns 1,316,195 shares of the company’s stock valued at $37,656,000 after buying an additional 184,498 shares during the period. Bank of America Corp DE grew its position in Federated Hermes U.S. Strategic Dividend ETF by 8.1% during the first quarter. Bank of America Corp DE now owns 505,238 shares of the company’s stock valued at $15,561,000 after buying an additional 37,803 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Federated Hermes U.S. Strategic Dividend ETF by 5.0% in the second quarter. Integrated Wealth Concepts LLC now owns 304,946 shares of the company’s stock valued at $9,572,000 after buying an additional 14,619 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Federated Hermes U.S. Strategic Dividend ETF by 9.1% in the second quarter. NewEdge Advisors LLC now owns 298,526 shares of the company’s stock valued at $9,371,000 after buying an additional 24,800 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Down 0.6%

Shares of FDV stock traded down $0.20 on Friday, hitting $32.51. The company had a trading volume of 48,045 shares, compared to its average volume of 142,726. Federated Hermes U.S. Strategic Dividend ETF has a twelve month low of $27.76 and a twelve month high of $35.11. The firm has a market cap of $867.88 million, a P/E ratio of 16.95 and a beta of 0.49. The company has a 50-day moving average price of $33.19 and a 200-day moving average price of $31.90.

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.