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 recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 22,456 shares, a decrease of 73.6% from the December 31st total of 85,031 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 253,357 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 253,357 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

FDV stock traded down $0.14 during trading on Wednesday, reaching $29.99. 257,770 shares of the company traded hands, compared to its average volume of 231,276. The business has a 50 day simple moving average of $29.00 and a 200 day simple moving average of $28.62. Federated Hermes U.S. Strategic Dividend ETF has a 12 month low of $24.39 and a 12 month high of $30.15. The company has a market capitalization of $596.80 million, a price-to-earnings ratio of 16.95 and a beta of 0.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Colonial Trust Co SC purchased a new stake in Federated Hermes U.S. Strategic Dividend ETF during the third quarter valued at approximately $50,000. Comerica Bank purchased a new position in Federated Hermes U.S. Strategic Dividend ETF in the third quarter worth $100,000. Kingswood Wealth Advisors LLC increased its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 8.3% during the second quarter. Kingswood Wealth Advisors LLC now owns 9,934 shares of the company’s stock worth $273,000 after purchasing an additional 758 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.7% during the 2nd quarter. Gateway Wealth Partners LLC now owns 11,402 shares of the company’s stock valued at $313,000 after purchasing an additional 508 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 29.3% during the 2nd quarter. Bank of America Corp DE now owns 11,759 shares of the company’s stock valued at $323,000 after purchasing an additional 2,664 shares during the last quarter.

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.