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Federated Hermes Enhanced Income ETF investment objective is to seek high current income with a secondary objective of capital appreciation. The Fund pursues its investment objective by investing primarily in high dividend-paying common stocks with dividend growth potential along with an options overlay strategy. The Fund generally invests in high dividend-paying large-cap or mid-cap stocks of U.S. issuers, and may also hold foreign stocks, including depositary receipts. The Fund may also invest in real estate investment trusts. The Fund also uses an options overlay strategy in an effort to generate incremental income in addition to the dividends received through the Fund's investments in equity securities. The options overlay strategy seeks to generate income by selling a call option on a passive exchange-traded fund (ETF) at a lower strike price and buying another call option at a higher strike price, both with the same expiration date.
Federated Hermes Enhanced Income ETF trades on the BATS stock market under the symbol PAYR.
As of December 30, 2025, PAYR stock price climbed to $51.19 with 227 million shares trading.
PAYR has a market cap of $11.77 million. This is considered a Sub-Micro Cap stock.
PAYR support price is $50.73 and resistance is $51.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAYR shares will trade within this expected range on the day.
