Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Short Interest Down 39.8% in December

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 53,113 shares, a drop of 39.8% from the November 30th total of 88,281 shares. Based on an average daily volume of 293,509 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 293,509 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FDV. Thrivent Financial for Lutherans acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter worth about $47,767,000. Raymond James Financial Inc. increased its position in Federated Hermes U.S. Strategic Dividend ETF by 283.0% during the second quarter. Raymond James Financial Inc. now owns 2,182,715 shares of the company’s stock worth $59,937,000 after purchasing an additional 1,612,810 shares during the last quarter. Fourpath Capital Management LLC purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the second quarter worth approximately $11,406,000. Bank of America Corp DE raised its stake in Federated Hermes U.S. Strategic Dividend ETF by 1,765.1% during the third quarter. Bank of America Corp DE now owns 219,318 shares of the company’s stock worth $6,277,000 after purchasing an additional 207,559 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 14.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,526,881 shares of the company’s stock valued at $41,929,000 after purchasing an additional 193,484 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

NYSEARCA:FDV traded down $0.01 during mid-day trading on Friday, hitting $28.98. 152,267 shares of the company’s stock traded hands, compared to its average volume of 95,481. The company has a market cap of $481.07 million, a PE ratio of 16.95 and a beta of 0.63. The firm’s 50 day simple moving average is $28.59 and its 200 day simple moving average is $28.36. Federated Hermes U.S. Strategic Dividend ETF has a 1 year low of $24.39 and a 1 year high of $29.80.

Federated Hermes U.S. Strategic Dividend ETF Company Profile

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.