Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Short Interest Update

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,006 shares, an increase of 133.5% from the January 29th total of 2,144 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,417 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 2,417 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.2% of the shares of the company are short sold.

Federated Hermes Short Duration Corporate ETF Stock Down 0.3%

Shares of NYSEARCA:FCSH opened at $24.56 on Friday. Federated Hermes Short Duration Corporate ETF has a one year low of $23.87 and a one year high of $24.64. The company has a 50-day simple moving average of $24.50 and a 200-day simple moving average of $24.48.

Federated Hermes Short Duration Corporate ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 27th will be issued a $0.0847 dividend. The ex-dividend date is Friday, February 27th. This is an increase from Federated Hermes Short Duration Corporate ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Hedge Funds Weigh In On Federated Hermes Short Duration Corporate ETF

An institutional investor recently bought a new position in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. acquired a new stake in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned approximately 0.56% of Federated Hermes Short Duration Corporate ETF at the end of the most recent reporting period.

About Federated Hermes Short Duration Corporate ETF

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