Short Interest in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Expands By 125.3%

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 163,091 shares, a growth of 125.3% from the March 31st total of 72,388 shares. Based on an average daily volume of 186,707 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the company’s shares are sold short.

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

Hedge funds have recently made changes to their positions in the business. Colonial Trust Co SC acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the 3rd quarter valued at $50,000. Comerica Bank acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at $100,000. Northwestern Mutual Wealth Management Co. raised its position in Federated Hermes U.S. Strategic Dividend ETF by 590.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock valued at $148,000 after purchasing an additional 4,425 shares during the period. Betterment LLC purchased a new position in Federated Hermes U.S. Strategic Dividend ETF in the fourth quarter valued at about $212,000. Finally, Financial Council LLC acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the first quarter worth about $279,000.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

NYSEARCA FDV traded up $0.22 during mid-day trading on Tuesday, hitting $31.17. The company’s stock had a trading volume of 15,222 shares, compared to its average volume of 166,202. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $26.24 and a 52-week high of $35.11. The stock’s fifty day simple moving average is $31.08 and its two-hundred day simple moving average is $29.82. The firm has a market capitalization of $660.80 million, a P/E ratio of 16.95 and a beta of 0.59.

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.