Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Stock Short Interest Falls 56.0%

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 22.9% in the 3rd quarter. Vise Technologies Inc. now owns 9,654 shares of the company’s stock worth $303,000 after buying an additional 1,800 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 39.3% in the third quarter. D.A. Davidson & CO. now owns 10,590 shares of the company’s stock valued at $333,000 after buying an additional 2,989 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in Federated Hermes U.S. Strategic Dividend ETF by 29.9% during the third quarter. Kingswood Wealth Advisors LLC now owns 14,575 shares of the company’s stock valued at $458,000 after buying an additional 3,358 shares in the last quarter. Ledyard National Bank bought a new position in Federated Hermes U.S. Strategic Dividend ETF during the third quarter valued at about $33,873,000. Finally, Envestnet Asset Management Inc. boosted its stake 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 buying an additional 135,486 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of NYSEARCA:FDV traded up $0.16 during trading on Friday, reaching $34.40. The company had a trading volume of 240,048 shares, compared to its average volume of 158,725. The firm’s fifty day moving average is $32.94 and its 200 day moving average is $31.85. The firm has a market capitalization of $1.04 billion, a PE ratio of 16.95 and a beta of 0.51. Federated Hermes U.S. Strategic Dividend ETF has a twelve month low of $27.76 and a twelve month high of $35.11.

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.