Shell plc ADRhedged (NYSEARCA:SHEH) Sees Large Growth in Short Interest

Shell plc ADRhedged (NYSEARCA:SHEHGet Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 6,455 shares, an increase of 1,563.7% from the August 15th total of 388 shares. Based on an average daily volume of 5,725 shares, the days-to-cover ratio is currently 1.1 days. Currently, 6.5% of the company’s stock are sold short.

Institutional Trading of Shell plc ADRhedged

An institutional investor recently bought a new stake in Shell plc ADRhedged stock. Archer Investment Corp acquired a new stake in shares of Shell plc ADRhedged (NYSEARCA:SHEHFree Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 491 shares of the company’s stock, valued at approximately $38,000. Archer Investment Corp owned about 0.49% of Shell plc ADRhedged at the end of the most recent reporting period.

Shell plc ADRhedged Stock Down 0.0%

SHEH stock opened at $69.24 on Friday. Shell plc ADRhedged has a 52-week low of $50.34 and a 52-week high of $69.79. The stock’s 50 day moving average is $64.30 and its two-hundred day moving average is $63.36. The company has a market capitalization of $6.92 million, a PE ratio of 6.75 and a beta of -0.53.

Shell plc ADRhedged Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 16th were paid a $0.4991 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 16th.

Shell plc ADRhedged Company Profile

(Get Free Report)

The Shell plc ADRhedged (SHEH) is an exchange-traded fund that is based on the Shell plc – Benchmark Price Return index. The fund provides exposure to Shell Plc ADR, while using swaps to hedge daily currency fluctuations. The fund aims to provide the total return performance of Shell Plc, in its local market, to US investors. SHEH was launched on Oct 1, 2024 and is issued by ADRhedged.

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