Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) Sees Large Increase in Short Interest
by Amy Steele · The Cerbat GemFederated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 5,006 shares, an increase of 133.5% from the January 29th total of 2,144 shares. Based on an average daily volume of 2,417 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,417 shares, the days-to-cover ratio is presently 2.1 days.
Institutional Investors Weigh In On Federated Hermes Short Duration Corporate ETF
A hedge fund recently bought a new stake in Federated Hermes Short Duration Corporate ETF stock. Federated Hermes Inc. acquired a new position in shares of Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,065,689 shares of the company’s stock, valued at approximately $50,434,000. Federated Hermes Inc. owned about 79.45% of Federated Hermes Short Duration Corporate ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
Federated Hermes Short Duration Corporate ETF Price Performance
Shares of Federated Hermes Short Duration Corporate ETF stock traded down $0.07 during mid-day trading on Friday, hitting $24.56. 41 shares of the stock were exchanged, compared to its average volume of 1,657. Federated Hermes Short Duration Corporate ETF has a 12 month low of $23.87 and a 12 month high of $24.64. The company has a 50-day simple moving average of $24.50 and a 200 day simple moving average of $24.48.
Federated Hermes Short Duration Corporate ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 27th will be paid a $0.0847 dividend. This is a boost from Federated Hermes Short Duration Corporate ETF’s previous monthly dividend of $0.08. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 4.1%.
About Federated Hermes Short Duration Corporate ETF
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.