Pine Valley Investments Ltd Liability Co Purchases 3,673 Shares of Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS)

Pine Valley Investments Ltd Liability Co grew its position in Federated Hermes Short Duration High Yield ETF (NYSEARCA:FHYS) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,069 shares of the company’s stock after purchasing an additional 3,673 shares during the quarter. Pine Valley Investments Ltd Liability Co owned approximately 3.37% of Federated Hermes Short Duration High Yield ETF worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Hilltop Holdings Inc. bought a new position in shares of Federated Hermes Short Duration High Yield ETF during the third quarter worth $313,000.

Federated Hermes Short Duration High Yield ETF Stock Performance

Shares of NYSEARCA:FHYS opened at $23.17 on Wednesday. The firm has a fifty day moving average price of $23.10 and a 200 day moving average price of $23.13. Federated Hermes Short Duration High Yield ETF has a fifty-two week low of $22.79 and a fifty-two week high of $25.34.

Federated Hermes Short Duration High Yield ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a dividend of $0.1048 per share. The ex-dividend date was Friday, January 31st.

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.