Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Short Interest Update

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 22,456 shares, a decline of 73.6% from the December 31st total of 85,031 shares. Based on an average daily volume of 253,357 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 253,357 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Federated Hermes U.S. Strategic Dividend ETF

Several institutional investors have recently modified their holdings of FDV. Colonial Trust Co SC bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the 3rd quarter valued at approximately $50,000. Comerica Bank purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the third quarter worth $100,000. Kingswood Wealth Advisors LLC increased its position in 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 valued at $273,000 after acquiring an additional 758 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.7% in the second quarter. Gateway Wealth Partners LLC now owns 11,402 shares of the company’s stock valued at $313,000 after acquiring an additional 508 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 29.3% in the second quarter. Bank of America Corp DE now owns 11,759 shares of the company’s stock valued at $323,000 after acquiring an additional 2,664 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

FDV stock traded up $0.08 during trading on Friday, hitting $30.26. 76,934 shares of the company’s stock traded hands, compared to its average volume of 216,282. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $24.39 and a 52 week high of $30.33. The stock has a market capitalization of $596.12 million, a price-to-earnings ratio of 16.95 and a beta of 0.63. The business has a fifty day simple moving average of $29.07 and a 200 day simple moving average of $28.65.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be given a $0.0696 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a yield of 2.8%.

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.