Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Short Interest Update

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 8,843 shares, an increase 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. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. 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 institutional investors and hedge funds have recently added to or reduced their stakes in FHYS. WFA of San Diego LLC acquired a new position in Federated Hermes Short Duration High Yield ETF in the second quarter worth approximately $1,367,000. LPL Financial LLC lifted its stake in Federated Hermes Short Duration High Yield ETF by 27.0% in the fourth quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock valued at $1,104,000 after acquiring an additional 10,071 shares during the last quarter. Osaic Holdings Inc. increased its position in Federated Hermes Short Duration High Yield ETF by 10.4% during the second quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock worth $1,074,000 after buying an additional 4,351 shares during the last quarter. Truist Financial Corp acquired a new stake in Federated Hermes Short Duration High Yield ETF in the 3rd quarter worth approximately $1,052,000. Finally, Prosperity Financial Group Inc. acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the third quarter valued at about $968,000.

Federated Hermes Short Duration High Yield ETF Stock Performance

Shares of FHYS remained flat at $23.32 during midday trading on Wednesday. 17,001 shares of the stock traded hands, compared to its average volume of 23,486. Federated Hermes Short Duration High Yield ETF has a one year low of $22.10 and a one year high of $23.47. The firm has a 50 day moving average price of $23.34 and a 200 day moving average price of $23.29.

Federated Hermes Short Duration High Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were given a dividend of $0.0499 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th.

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.