Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Short Interest Update

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 22,456 shares, a drop of 73.6% from the December 31st total of 85,031 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 253,357 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 253,357 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

Shares of FDV stock traded down $0.14 during mid-day trading on Wednesday, hitting $29.99. The stock had a trading volume of 257,770 shares, compared to its average volume of 231,276. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $24.39 and a 12-month high of $30.15. The firm’s 50-day moving average is $29.00 and its two-hundred day moving average is $28.62. The firm has a market capitalization of $596.80 million, a P/E ratio of 16.95 and a beta of 0.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDV. Kingswood Wealth Advisors LLC raised its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 11,950 shares of the company’s stock valued at $342,000 after purchasing an additional 508 shares in the last quarter. Fourpath Capital Management LLC increased its holdings in Federated Hermes U.S. Strategic Dividend ETF by 27.4% during the fourth quarter. Fourpath Capital Management LLC now owns 764,509 shares of the company’s stock valued at $21,873,000 after buying an additional 164,496 shares during the period. Capital Investment Advisory Services LLC bought a new position in Federated Hermes U.S. Strategic Dividend ETF in the fourth quarter worth approximately $432,000. Lantz Financial LLC lifted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 15.3% during the fourth quarter. Lantz Financial LLC now owns 393,055 shares of the company’s stock worth $11,245,000 after buying an additional 52,130 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in Federated Hermes U.S. Strategic Dividend ETF by 0.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 43,503 shares of the company’s stock valued at $1,245,000 after acquiring an additional 390 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.