Short Interest in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Declines By 64.1%

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

Institutional Investors Weigh In On Federated Hermes Short Duration High Yield ETF

Several large investors have recently bought and sold shares of the stock. WFA of San Diego LLC acquired a new position in Federated Hermes Short Duration High Yield ETF during the 2nd quarter worth approximately $1,367,000. Truist Financial Corp acquired a new stake in Federated Hermes Short Duration High Yield ETF during the 3rd quarter worth $1,052,000. Prosperity Financial Group Inc. purchased a new stake in Federated Hermes Short Duration High Yield ETF in the third quarter valued at $968,000. Steward Partners Investment Advisory LLC lifted its position in Federated Hermes Short Duration High Yield ETF by 357.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock valued at $1,154,000 after acquiring an additional 38,738 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in Federated Hermes Short Duration High Yield ETF in the fourth quarter valued at $562,000.

Federated Hermes Short Duration High Yield ETF Trading Up 0.0%

Shares of NYSEARCA FHYS opened at $23.33 on Thursday. The business’s 50 day moving average price is $23.34 and its 200 day moving average price is $23.30. Federated Hermes Short Duration High Yield ETF has a 52 week low of $22.10 and a 52 week high of $23.47.

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 issued a $0.0499 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

About Federated Hermes Short Duration High Yield ETF

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.