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

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 44,736 shares, a drop of 56.0% from the September 30th total of 101,773 shares. Based on an average daily volume of 286,722 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

FDV stock traded up $0.16 during midday trading on Friday, hitting $34.40. The company’s stock had a trading volume of 240,048 shares, compared to its average volume of 158,725. The company’s fifty day moving average price is $32.93 and its 200 day moving average price is $31.82. Federated Hermes U.S. Strategic Dividend ETF has a twelve month low of $27.76 and a twelve month high of $35.11. The stock has a market capitalization of $1.03 billion, a P/E ratio of 16.95 and a beta of 0.51.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ledyard National Bank bought a new position in Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at about $33,873,000. Envestnet Asset Management Inc. raised its position in Federated Hermes U.S. Strategic Dividend ETF by 16.8% during the second quarter. Envestnet Asset Management Inc. now owns 943,476 shares of the company’s stock valued at $29,616,000 after purchasing an additional 135,486 shares in the last quarter. Bank of America Corp DE increased its stake 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 valued at $15,561,000 after purchasing an additional 37,803 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake 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 valued at $9,572,000 after purchasing an additional 14,619 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 9.1% during the 2nd quarter. NewEdge Advisors LLC now owns 298,526 shares of the company’s stock worth $9,371,000 after buying an additional 24,800 shares in 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.