PAYR - Federated Hermes ETF Trust - Federated Hermes Enhanced Income ETF
PAYR actively invests in a portfolio of high dividend-paying US stocks. It will focus on large-cap and mid-cap securities with yields exceeding the average dividend yield of the S&P 500 Index. This includes securities with potential for dividend growth, evaluated through factors such as balance sheet strength, earnings growth, and cash flow durability.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $67.7M
- Beta
- 0.01
- 52-Week Range
- 48.79-57.87
- Dividend Yield
- $3.96
- IPO Date
- Oct 8, 2025
- Exchange
- CBOE
PAYR Options Snapshot
Options pricing data for PAYR is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The PAYR overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
PAYR fund facts: expense ratio 0.74%, assets under management $77.7M, NAV $51.98 as of the data source's update on Oct 8, 2026, 55 holdings in its latest file, launched Oct 7, 2025, issued by Federated Hermes. See the PAYR holdings.
Frequently asked PAYR overview questions
- What is PAYR?
- PAYR is the ticker symbol for Federated Hermes ETF Trust - Federated Hermes Enhanced Income ETF, an listed exchange-traded fund. PAYR actively invests in a portfolio of high dividend-paying US stocks. It will focus on large-cap and mid-cap securities with yields exceeding the average dividend yield of the S&P 500 Index. Listed on CBOE. PAYR is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are PAYR's key statistics?
- Federated Hermes ETF Trust - Federated Hermes Enhanced Income ETF (PAYR) carries a market capitalization of $67.7M, 52-week range of 48.79-57.87. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does PAYR belong to?
- Federated Hermes ETF Trust - Federated Hermes Enhanced Income ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare PAYR's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the PAYR data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for PAYR, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.