Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Up 230.1% in January

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 8,843 shares, a growth of 230.1% from the January 15th total of 2,679 shares. Based on an average daily volume of 17,491 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 17,491 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FHYS. Creative Financial Designs Inc. ADV bought a new position in shares of Federated Hermes Short Duration High Yield ETF during the 2nd quarter worth approximately $46,000. Capital Analysts LLC raised its stake in Federated Hermes Short Duration High Yield ETF by 1,202.9% in the 4th quarter. Capital Analysts LLC now owns 4,417 shares of the company’s stock valued at $103,000 after acquiring an additional 4,078 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in Federated Hermes Short Duration High Yield ETF during the 3rd quarter valued at $252,000. Steward Partners Investment Advisory LLC boosted its position in Federated Hermes Short Duration High Yield ETF by 2,421.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,841 shares of the company’s stock worth $252,000 after purchasing an additional 10,411 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the fourth quarter valued at $562,000.

Federated Hermes Short Duration High Yield ETF Stock Performance

Shares of FHYS traded down $0.03 during midday trading on Friday, hitting $23.30. The stock had a trading volume of 16,238 shares, compared to its average volume of 23,201. The company has a 50 day simple moving average of $23.34 and a two-hundred day simple moving average of $23.29. Federated Hermes Short Duration High Yield ETF has a twelve month low of $22.10 and a twelve month high of $23.47.

Federated Hermes Short Duration High Yield ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a $0.0499 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.6%.

Federated Hermes Short Duration High Yield ETF Company Profile

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.