Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) Sees Large Growth in Short Interest

Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 18,380 shares, a growth of 1,937.7% from the March 31st total of 902 shares. Based on an average daily volume of 22,105 shares, the short-interest ratio is currently 0.8 days. Approximately 0.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Federated Hermes Short Duration High Yield ETF

Several large investors have recently made changes to their positions in the business. WFA of San Diego LLC purchased a new position in shares of Federated Hermes Short Duration High Yield ETF during the second quarter valued at approximately $1,367,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Federated Hermes Short Duration High Yield ETF by 357.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 49,579 shares of the company’s stock valued at $1,154,000 after purchasing an additional 38,738 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Federated Hermes Short Duration High Yield ETF by 27.0% during the fourth quarter. LPL Financial LLC now owns 47,408 shares of the company’s stock valued at $1,104,000 after purchasing an additional 10,071 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Federated Hermes Short Duration High Yield ETF by 10.4% during the second quarter. Osaic Holdings Inc. now owns 46,237 shares of the company’s stock valued at $1,074,000 after purchasing an additional 4,351 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in shares of Federated Hermes Short Duration High Yield ETF during the third quarter valued at approximately $1,052,000.

Federated Hermes Short Duration High Yield ETF Price Performance

Shares of FHYS stock traded up $0.03 during trading hours on Friday, hitting $23.22. 23,393 shares of the company’s stock traded hands, compared to its average volume of 21,399. The stock’s fifty day simple moving average is $23.11 and its two-hundred day simple moving average is $23.24. Federated Hermes Short Duration High Yield ETF has a 12-month low of $22.76 and a 12-month high of $23.47.

Federated Hermes Short Duration High Yield ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.1497 per share. The ex-dividend date was Friday, February 27th. This is a positive change from Federated Hermes Short Duration High Yield ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 7.7%.

About Federated Hermes Short Duration High Yield ETF

The Federated Hermes Short Duration High Yield ETF (FHYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated below investment-grade. FHYS was launched on Dec 16, 2021 and is managed by Federated Hermes.