Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Sees Large Decline in Short Interest

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 27,882 shares, a decrease of 35.9% from the August 15th total of 43,531 shares. Based on an average daily trading volume, of 115,486 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Federated Hermes U.S. Strategic Dividend ETF Stock Up 0.3%

NYSEARCA:FDV traded up $0.09 on Thursday, hitting $32.71. The stock had a trading volume of 70,038 shares, compared to its average volume of 143,268. The business’s 50-day simple moving average is $33.17 and its two-hundred day simple moving average is $31.89. The stock has a market cap of $873.36 million, a price-to-earnings ratio of 16.95 and a beta of 0.49. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $27.76 and a 52-week high of $35.11.

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

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in Federated Hermes U.S. Strategic Dividend ETF by 8.1% during 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 in the last quarter. Gateway Wealth Partners LLC lifted its position in Federated Hermes U.S. Strategic Dividend ETF by 156.0% during the first quarter. Gateway Wealth Partners LLC now owns 28,596 shares of the company’s stock valued at $881,000 after purchasing an additional 17,427 shares during the period. Diversified Portfolios Inc. purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the fourth quarter worth about $566,000. Rockefeller Capital Management L.P. grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 60.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 324,110 shares of the company’s stock valued at $9,273,000 after acquiring an additional 122,013 shares during the period. Finally, Great Valley Advisor Group Inc. increased its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 9.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,742,820 shares of the company’s stock valued at $49,862,000 after buying an additional 148,995 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.