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

Shell plc ADRhedged (NYSEARCA:SHEH) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 1,507 shares, a growth of 155.0% from the October 15th total of 591 shares. Based on an average daily trading volume, of 3,998 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.5% of the company’s shares are short sold.

Shell plc ADRhedged Stock Performance

Shares of NYSEARCA SHEH traded up $0.68 during midday trading on Friday, hitting $73.05. 366 shares of the company traded hands, compared to its average volume of 6,090. Shell plc ADRhedged has a 12-month low of $50.34 and a 12-month high of $79.34. The firm has a market cap of $7.31 million, a P/E ratio of 10.26 and a beta of -0.62. The stock has a 50-day moving average price of $72.61 and a 200 day moving average price of $64.90.

Institutional Trading of Shell plc ADRhedged

A hedge fund recently bought a new position in Shell plc ADRhedged stock. Archer Investment Corp bought a new position in shares of Shell plc ADRhedged (NYSEARCA:SHEH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 491 shares of the company’s stock, valued at approximately $38,000. Archer Investment Corp owned 0.49% of Shell plc ADRhedged as of its most recent filing with the Securities and Exchange Commission.

Shell plc ADRhedged Company Profile

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.