Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Large Decline in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,178 shares, a drop of 64.1% from the January 29th total of 8,843 shares. Based on an average trading volume of 19,562 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 19,562 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Federated Hermes Short Duration High Yield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. WFA of San Diego LLC bought a new stake in Federated Hermes Short Duration High Yield ETF in the second quarter valued at about $1,367,000. Steward Partners Investment Advisory LLC raised its position in shares of Federated Hermes Short Duration High Yield ETF by 357.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock worth $1,154,000 after buying an additional 38,738 shares in the last quarter. LPL Financial LLC boosted its stake in Federated Hermes Short Duration High Yield ETF by 27.0% during the 4th quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock valued at $1,104,000 after purchasing an additional 10,071 shares in the last quarter. Osaic Holdings Inc. grew its holdings 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 acquiring an additional 4,351 shares during the period. Finally, Truist Financial Corp acquired a new position in shares of Federated Hermes Short Duration High Yield ETF in the 3rd quarter worth approximately $1,052,000.

Federated Hermes Short Duration High Yield ETF Price Performance

NYSEARCA:FHYS opened at $23.33 on Thursday. The firm has a 50 day simple moving average of $23.34 and a 200-day simple moving average of $23.30. Federated Hermes Short Duration High Yield ETF has a 1-year low of $22.10 and a 1-year high of $23.47.

Federated Hermes Short Duration High Yield ETF Cuts Dividend

The firm also recently announced 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 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.