HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) Sees Significant Decrease in Short Interest

HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 235 shares, a drop of 85.3% from the July 30th total of 1,598 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 12,153 shares, the days-to-cover ratio is presently 0.0 days.

HSBC Holdings plc ADRhedged Stock Performance

NYSEARCA HSBH traded down $0.29 during trading hours on Wednesday, reaching $113.00. 7,815 shares of the company’s stock were exchanged, compared to its average volume of 6,731. The company has a market capitalization of $6.78 million, a price-to-earnings ratio of 17.23 and a beta of 0.48. The company’s 50-day moving average is $110.70 and its two-hundred day moving average is $102.75. HSBC Holdings plc ADRhedged has a one year low of $70.36 and a one year high of $118.30.

HSBC Holdings plc ADRhedged Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 16th were issued a dividend of $2.1499 per share. This represents a $8.60 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Tuesday, June 16th.

About HSBC Holdings plc ADRhedged

The HSBC Holdings plc ADRhedged (HSBH) is an exchange-traded fund that mostly invests in financials equity. The fund provides exposure to HSBC Holdings ADR, while using swaps to hedge daily currency fluctuations. The fund aims to provide the total return performance of HSBC Holdings Plc, in its local market, to US investors. HSBH was launched on Oct 1, 2024 and is issued by ADRhedged.