Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Sees Significant Decline in Short Interest

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 54,311 shares, a decrease of 50.9% from the April 30th total of 110,635 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 95,046 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Federated Hermes U.S. Strategic Dividend ETF

Several institutional investors and hedge funds have recently modified their holdings of FDV. Colonial Trust Co SC purchased a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the third quarter worth about $50,000. Comerica Bank bought a new stake in Federated Hermes U.S. Strategic Dividend ETF during the third quarter valued at approximately $100,000. Fifth Third Bancorp bought a new stake in Federated Hermes U.S. Strategic Dividend ETF during the first quarter valued at approximately $108,000. Northwestern Mutual Wealth Management Co. grew its stake in Federated Hermes U.S. Strategic Dividend ETF by 590.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock worth $148,000 after buying an additional 4,425 shares in the last quarter. Finally, Betterment LLC bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 4th quarter worth $212,000.

Federated Hermes U.S. Strategic Dividend ETF Stock Up 0.3%

Shares of FDV stock traded up $0.09 on Tuesday, reaching $31.10. The company’s stock had a trading volume of 97,925 shares, compared to its average volume of 151,699. The company has a market capitalization of $740.18 million, a P/E ratio of 16.95 and a beta of 0.53. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $26.91 and a 12-month high of $35.11. The stock’s 50 day simple moving average is $30.99 and its 200-day simple moving average is $30.27.

Federated Hermes U.S. Strategic Dividend ETF Company Profile

The Federated Hermes U.S. Strategic Dividend ETF (FDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund seeks income and long-term capital appreciation through an actively managed portfolio of high dividend-paying US stocks with the potential for dividend growth. FDV was launched on Nov 15, 2022 and is managed by Federated Hermes.