Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Sees Large Decline in Short Interest

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 27,882 shares, a decrease of 35.9% from the August 15th total of 43,531 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 115,486 shares, the short-interest ratio is presently 0.2 days.

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

Federated Hermes U.S. Strategic Dividend ETF stock traded up $0.09 during mid-day trading on Thursday, hitting $32.71. 70,038 shares of the stock were exchanged, compared to its average volume of 143,268. Federated Hermes U.S. Strategic Dividend ETF has a 12 month low of $27.76 and a 12 month high of $35.11. The firm’s fifty day simple moving average is $33.17 and its two-hundred day simple moving average is $31.89. The stock has a market capitalization of $873.36 million, a price-to-earnings ratio of 16.95 and a beta of 0.49.

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

A number of hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC raised its stake in Federated Hermes U.S. Strategic Dividend ETF by 5.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 304,946 shares of the company’s stock valued at $9,572,000 after acquiring an additional 14,619 shares during the period. NewEdge Advisors LLC lifted its stake 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 worth $9,371,000 after purchasing an additional 24,800 shares during the last quarter. Citadel Advisors LLC raised its holdings in Federated Hermes U.S. Strategic Dividend ETF by 34.7% during the 2nd quarter. Citadel Advisors LLC now owns 14,993 shares of the company’s stock valued at $471,000 after buying an additional 3,860 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 3.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 74,620 shares of the company’s stock worth $2,342,000 after purchasing an additional 2,655 shares during the period. Finally, Bank of America Corp DE increased its position in shares of 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.

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.