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

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

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 business’s 50 day moving average price is $32.94 and its 200-day moving average price is $31.85. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $27.76 and a 52 week high of $35.11. The stock has a market cap of $1.03 billion, a PE ratio of 16.95 and a beta of 0.51.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 9.1% in the second quarter. NewEdge Advisors LLC now owns 298,526 shares of the company’s stock valued at $9,371,000 after acquiring an additional 24,800 shares during the last quarter. Bank of America Corp DE raised its holdings 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 worth $15,561,000 after purchasing an additional 37,803 shares during the last quarter. Gateway Wealth Partners LLC raised its holdings in Federated Hermes U.S. Strategic Dividend ETF by 156.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 28,596 shares of the company’s stock worth $881,000 after purchasing an additional 17,427 shares during the last quarter. IFS Group LLC acquired a new position in Federated Hermes U.S. Strategic Dividend ETF during the 1st quarter valued at about $901,000. Finally, Ledyard National Bank bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at about $33,873,000.

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.