Short Interest in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Drops By 50.9%

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 54,311 shares, a decline of 50.9% from the April 30th total of 110,635 shares. Based on an average daily trading volume, of 95,046 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Federated Hermes U.S. Strategic Dividend ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at $50,000. Fifth Third Bancorp acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 1st quarter valued at $108,000. Comerica Bank acquired a new position in Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter worth $100,000. Northwestern Mutual Wealth Management Co. boosted its stake in Federated Hermes U.S. Strategic Dividend ETF by 590.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock worth $148,000 after purchasing an additional 4,425 shares during the period. Finally, Betterment LLC acquired a new position in Federated Hermes U.S. Strategic Dividend ETF in the 4th quarter worth $212,000.

Federated Hermes U.S. Strategic Dividend ETF Trading Down 0.7%

Shares of FDV stock traded down $0.22 on Monday, hitting $31.01. The stock had a trading volume of 89,535 shares, compared to its average volume of 152,222. Federated Hermes U.S. Strategic Dividend ETF has a twelve month low of $26.88 and a twelve month high of $35.11. The firm has a market cap of $738.04 million, a P/E ratio of 16.95 and a beta of 0.53. The company has a fifty day moving average price of $30.99 and a two-hundred day moving average price of $30.27.

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.