Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Shares Shorted: Short Interest Up 196.7% in September

by · The Markets Daily

Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 101,773 shares, a growth of 196.7% from the September 15th total of 34,304 shares. Based on an average daily trading volume, of 190,560 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

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

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in Federated Hermes U.S. Strategic Dividend ETF by 16.8% during the second quarter. Envestnet Asset Management Inc. now owns 943,476 shares of the company’s stock worth $29,616,000 after purchasing an additional 135,486 shares during the period. Bank of America Corp DE boosted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 8.1% in the 1st quarter. Bank of America Corp DE now owns 505,238 shares of the company’s stock valued at $15,561,000 after purchasing an additional 37,803 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 5.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 304,946 shares of the company’s stock valued at $9,572,000 after purchasing an additional 14,619 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Federated Hermes U.S. Strategic Dividend ETF by 9.1% in the 2nd quarter. NewEdge Advisors LLC now owns 298,526 shares of the company’s stock valued at $9,371,000 after purchasing an additional 24,800 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Federated Hermes U.S. Strategic Dividend ETF by 60.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 324,110 shares of the company’s stock valued at $9,273,000 after buying an additional 122,013 shares in the last quarter.

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

Shares of FDV stock traded up $0.10 on Tuesday, reaching $32.44. The stock had a trading volume of 205,221 shares, compared to its average volume of 153,376. Federated Hermes U.S. Strategic Dividend ETF has a 12 month low of $27.76 and a 12 month high of $35.11. The firm has a market capitalization of $947.25 million, a price-to-earnings ratio of 16.95 and a beta of 0.51. The firm’s 50-day moving average is $32.90 and its two-hundred day moving average is $32.01.

About Federated Hermes U.S. Strategic Dividend ETF

(Get Free Report)

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.

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