BP p.l.c. ADRhedged (NYSEARCA:BPH) Shares Shorted: Short Interest Down 86.7% in October

BP p.l.c. ADRhedged (NYSEARCA:BPH) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 74 shares, a decline of 86.7% from the October 15th total of 557 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 936 shares, the days-to-cover ratio is presently 0.1 days.

BP p.l.c. ADRhedged Stock Performance

Shares of BPH traded up $1.25 during mid-day trading on Wednesday, hitting $71.41. 120 shares of the company’s stock were exchanged, compared to its average volume of 1,001. BP p.l.c. ADRhedged has a fifty-two week low of $51.93 and a fifty-two week high of $80.70. The stock’s 50-day moving average is $72.98 and its 200-day moving average is $67.46. The company has a market cap of $2.14 million, a price-to-earnings ratio of 33.85 and a beta of -0.59.

BP p.l.c. ADRhedged Company Profile

The BP p.l.c. ADRhedged (BPH) is an exchange-traded fund that is based on the BP PLC Sponsored ADR index. The fund provides exposure to BP p.l.c ADR, while using swaps to hedge daily currency fluctuations. The fund aims to provide the total return performance of BP p.l.c, in its local market, to US investors. BPH was launched on Jan 3, 2025 and is issued by ADRhedged.