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

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 8,843 shares, a growth of 230.1% from the January 15th total of 2,679 shares. Based on an average daily volume of 17,491 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 17,491 shares, the days-to-cover ratio is currently 0.5 days.

Federated Hermes Short Duration High Yield ETF Stock Performance

NYSEARCA:FHYS remained flat at $23.32 on Wednesday. 17,001 shares of the company’s stock were exchanged, compared to its average volume of 23,486. Federated Hermes Short Duration High Yield ETF has a 52 week low of $22.10 and a 52 week high of $23.47. The stock’s 50-day simple moving average is $23.34 and its two-hundred day simple moving average is $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. Stockholders of record on Friday, January 30th were issued a dividend of $0.0499 per share. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.6%.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Several institutional investors have recently added to or reduced their stakes in FHYS. WFA of San Diego LLC acquired a new stake in Federated Hermes Short Duration High Yield ETF in the 2nd quarter worth about $1,367,000. Truist Financial Corp purchased a new position in shares of Federated Hermes Short Duration High Yield ETF during the 3rd quarter worth about $1,052,000. Prosperity Financial Group Inc. acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the third quarter worth approximately $968,000. Goldman Sachs Group Inc. acquired a new stake in shares of Federated Hermes Short Duration High Yield ETF in the fourth quarter worth approximately $562,000. Finally, Kestra Private Wealth Services LLC grew its holdings in Federated Hermes Short Duration High Yield ETF by 134.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 25,326 shares of the company’s stock valued at $590,000 after purchasing an additional 14,512 shares during the period.

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.