Short Interest in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Drops By 50.2%

Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 1,349 shares, a decline of 50.2% from the December 31st total of 2,708 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,169 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 1,169 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are short sold.

Federated Hermes Short Duration Corporate ETF Trading Down 0.2%

Federated Hermes Short Duration Corporate ETF stock traded down $0.06 during midday trading on Friday, reaching $24.44. The company’s stock had a trading volume of 7,537 shares, compared to its average volume of 1,492. Federated Hermes Short Duration Corporate ETF has a 52-week low of $23.87 and a 52-week high of $24.64. The stock’s 50-day simple moving average is $24.47 and its 200-day simple moving average is $24.45.

Federated Hermes Short Duration Corporate ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued a dividend of $0.0842 per share. This is an increase from Federated Hermes Short Duration Corporate ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, January 30th.

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. purchased a new stake in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned about 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.