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

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,386 shares, a decrease of 35.9% from the January 15th total of 22,456 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 179,310 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 179,310 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Federated Hermes U.S. Strategic Dividend ETF Stock Up 1.2%

Shares of Federated Hermes U.S. Strategic Dividend ETF stock traded up $0.39 on Friday, hitting $32.03. 20,662 shares of the company’s stock traded hands, compared to its average volume of 176,008. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $24.39 and a 52-week high of $32.04. The stock has a market cap of $631.03 million, a P/E ratio of 16.95 and a beta of 0.63. The firm’s 50-day moving average is $29.54 and its 200 day moving average is $28.84.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were issued a $0.0696 dividend. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.6%.

Institutional Investors Weigh In On Federated Hermes U.S. Strategic Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FDV. Thrivent Financial for Lutherans acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter worth approximately $47,767,000. Raymond James Financial Inc. lifted its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 283.0% during the 2nd quarter. Raymond James Financial Inc. now owns 2,182,715 shares of the company’s stock valued at $59,937,000 after acquiring an additional 1,612,810 shares during the last quarter. Federated Hermes Inc. purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter valued at $26,135,000. JPMorgan Chase & Co. acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 4th quarter valued at $19,173,000. Finally, LPL Financial LLC increased its stake in Federated Hermes U.S. Strategic Dividend ETF by 16.0% in the 4th quarter. LPL Financial LLC now owns 2,621,893 shares of the company’s stock worth $75,012,000 after purchasing an additional 361,737 shares in the last quarter.

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.