Short Interest in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Declines By 96.8%
by Teresa Graham · The Cerbat GemFederated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 209 shares, a decrease of 96.8% from the March 15th total of 6,629 shares. Based on an average daily trading volume, of 3,284 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Institutional Trading of Federated Hermes Short Duration Corporate ETF
An institutional investor recently bought a new position in Federated Hermes Short Duration Corporate ETF stock. Envestnet Asset Management Inc. purchased a new stake in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,636 shares of the company’s stock, valued at approximately $357,000. Envestnet Asset Management Inc. owned 0.56% of Federated Hermes Short Duration Corporate ETF as of its most recent SEC filing.
Federated Hermes Short Duration Corporate ETF Stock Performance
NYSEARCA FCSH traded down $0.02 during trading on Friday, hitting $24.34. 28 shares of the company’s stock traded hands, compared to its average volume of 1,717. The stock has a fifty day moving average of $24.44 and a two-hundred day moving average of $24.46. Federated Hermes Short Duration Corporate ETF has a 12-month low of $23.94 and a 12-month high of $24.64.
Federated Hermes Short Duration Corporate ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a dividend of $0.0847 per share. The ex-dividend date was Friday, February 27th. This is a positive change from Federated Hermes Short Duration Corporate ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 4.2%.
Federated Hermes Short Duration Corporate ETF Company Profile
The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.