SAP SE ADRhedged (NYSEARCA:SAPH) Shares Shorted: Short Interest Down 82.8% in September

SAP SE ADRhedged (NYSEARCA:SAPH) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 130 shares, a decrease of 82.8% from the August 31st total of 758 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 768 shares, the days-to-cover ratio is currently 0.2 days.

SAP SE ADRhedged Stock Up 0.5%

NYSEARCA:SAPH traded up $0.18 during mid-day trading on Friday, reaching $39.18. The company’s stock had a trading volume of 209 shares, compared to its average volume of 557. The stock has a fifty day moving average of $36.86 and a 200-day moving average of $33.61. SAP SE ADRhedged has a 1 year low of $27.49 and a 1 year high of $51.57.

Institutional Inflows and Outflows

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