Short Interest in SAP SE ADRhedged (NYSEARCA:SAPH) Rises By 1,338.4%

SAP SE ADRhedged (NYSEARCA:SAPH) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 1,237 shares, an increase of 1,338.4% from the July 15th total of 86 shares. Approximately 12.4% of the company’s stock are sold short. Based on an average daily trading volume, of 873 shares, the days-to-cover ratio is currently 1.4 days.

SAP SE ADRhedged Stock Performance

SAPH stock traded up $0.11 during midday trading on Tuesday, hitting $38.35. The company’s stock had a trading volume of 667 shares, compared to its average volume of 547. The firm has a 50-day simple moving average of $31.35 and a 200-day simple moving average of $33.35. SAP SE ADRhedged has a 52-week low of $27.49 and a 52-week high of $51.57.

SAP SE ADRhedged Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 16th were paid a $0.9553 dividend. The ex-dividend date was Tuesday, June 16th. This is an increase from SAP SE ADRhedged’s previous quarterly dividend of $0.24. This represents a $3.82 annualized dividend and a dividend yield of 10.0%.

Institutional Investors Weigh In On SAP SE ADRhedged

A hedge fund recently bought a new position in SAP SE ADRhedged stock. Madison Asset Management LLC purchased a new stake in SAP SE ADRhedged (NYSEARCA:SAPH) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,686 shares of the company’s stock, valued at approximately $1,955,000. Madison Asset Management LLC owned approximately 126.86% of SAP SE ADRhedged at the end of the most recent reporting period.