Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Short Interest Up 421.7% in February

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 75,052 shares, an increase of 421.7% from the January 29th total of 14,386 shares. Based on an average trading volume of 100,525 shares, the short-interest ratio is currently 0.7 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 trading volume of 100,525 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Federated Hermes U.S. Strategic Dividend ETF

Hedge funds have recently modified their holdings of the stock. Colonial Trust Co SC acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the 3rd quarter valued at $50,000. Comerica Bank bought a new stake in Federated Hermes U.S. Strategic Dividend ETF in the third quarter valued at $100,000. Northwestern Mutual Wealth Management Co. increased its stake in Federated Hermes U.S. Strategic Dividend ETF by 590.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock valued at $148,000 after purchasing an additional 4,425 shares in the last quarter. Betterment LLC acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter valued at about $212,000. Finally, Gateway Wealth Partners LLC boosted its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.7% during the 2nd quarter. Gateway Wealth Partners LLC now owns 11,402 shares of the company’s stock worth $313,000 after purchasing an additional 508 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

Shares of Federated Hermes U.S. Strategic Dividend ETF stock traded down $0.02 on Wednesday, hitting $31.77. 49,271 shares of the company’s stock traded hands, compared to its average volume of 164,734. The company has a fifty day moving average of $30.10 and a two-hundred day moving average of $29.08. Federated Hermes U.S. Strategic Dividend ETF has a one year low of $24.39 and a one year high of $32.21. The company has a market capitalization of $625.87 million, a price-to-earnings ratio of 16.95 and a beta of 0.63.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were issued a dividend of $0.0696 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, January 30th.

About Federated Hermes U.S. Strategic Dividend ETF

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.