Short Interest in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Expands By 58.9%

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 2,144 shares, a growth of 58.9% from the January 15th total of 1,349 shares. Based on an average trading volume of 1,901 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,901 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. bought a new stake in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned 0.56% of Federated Hermes Short Duration Corporate ETF at the end of the most recent quarter.

Federated Hermes Short Duration Corporate ETF Stock Up 0.2%

FCSH stock traded up $0.04 during midday trading on Friday, hitting $24.61. The stock had a trading volume of 185 shares, compared to its average volume of 1,793. The company’s 50-day moving average price is $24.47 and its 200 day moving average price is $24.46. Federated Hermes Short Duration Corporate ETF has a 12-month low of $23.87 and a 12-month high of $24.64.

Federated Hermes Short Duration Corporate ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a $0.0842 dividend. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a yield of 4.1%. This is an increase from Federated Hermes Short Duration Corporate ETF’s previous monthly dividend of $0.08.

Federated Hermes Short Duration Corporate ETF Company Profile

The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.