Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Stock Short Interest Report for October

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 44,736 shares, a decrease of 56.0% from the September 30th total of 101,773 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 286,722 shares, the short-interest ratio is presently 0.2 days.

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

Several institutional investors have recently made changes to their positions in the stock. Ledyard National Bank acquired a new position in Federated Hermes U.S. Strategic Dividend ETF during the third quarter worth $33,873,000. Envestnet Asset Management Inc. raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 16.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 943,476 shares of the company’s stock worth $29,616,000 after purchasing an additional 135,486 shares during the period. Bank of America Corp DE boosted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 8.1% in the 1st quarter. Bank of America Corp DE now owns 505,238 shares of the company’s stock worth $15,561,000 after buying an additional 37,803 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of 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 worth $9,572,000 after buying an additional 14,619 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Federated Hermes U.S. Strategic Dividend ETF by 9.1% during the second quarter. NewEdge Advisors LLC now owns 298,526 shares of the company’s stock valued at $9,371,000 after buying an additional 24,800 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

NYSEARCA FDV traded up $0.16 during trading hours on Friday, reaching $34.40. The company’s stock had a trading volume of 240,048 shares, compared to its average volume of 158,725. The firm has a fifty day simple moving average of $32.93 and a 200-day simple moving average of $31.82. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $27.76 and a 52 week high of $35.11. The stock has a market cap of $1.03 billion, a P/E ratio of 16.95 and a beta of 0.51.

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.