Short Interest in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Decreases By 73.6%

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 22,456 shares, a decline of 73.6% from the December 31st total of 85,031 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 253,357 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 253,357 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FDV. Raymond James Financial Inc. increased its position in Federated Hermes U.S. Strategic Dividend ETF by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 2,233,799 shares of the company’s stock valued at $63,931,000 after buying an additional 51,084 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the 3rd quarter worth approximately $47,767,000. Great Valley Advisor Group Inc. grew its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 14.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,526,881 shares of the company’s stock worth $41,929,000 after purchasing an additional 193,484 shares during the period. Ascension Capital Advisors Inc. increased its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 0.4% during the 3rd quarter. Ascension Capital Advisors Inc. now owns 1,131,697 shares of the company’s stock valued at $32,389,000 after purchasing an additional 4,094 shares in the last quarter. Finally, Fourpath Capital Management LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 27.4% in the 4th quarter. Fourpath Capital Management LLC now owns 764,509 shares of the company’s stock valued at $21,873,000 after purchasing an additional 164,496 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Trading Up 0.3%

Shares of Federated Hermes U.S. Strategic Dividend ETF stock traded up $0.08 during trading on Friday, hitting $30.26. 76,934 shares of the stock traded hands, compared to its average volume of 216,282. The stock’s fifty day simple moving average is $29.07 and its 200 day simple moving average is $28.65. The firm has a market cap of $596.12 million, a P/E ratio of 16.95 and a beta of 0.63. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $24.39 and a 52-week high of $30.33.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued a dividend of $0.0696 per share. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is 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.