Short Interest in HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) Drops By 85.3%

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

HSBC Holdings plc ADRhedged Stock Performance

Shares of NYSEARCA HSBH traded down $0.91 during trading hours on Thursday, hitting $111.96. The company’s stock had a trading volume of 404 shares, compared to its average volume of 6,693. HSBC Holdings plc ADRhedged has a 12 month low of $70.36 and a 12 month high of $118.30. The stock has a market cap of $6.72 million, a price-to-earnings ratio of 17.23 and a beta of 0.48. The business has a 50-day simple moving average of $110.84 and a 200-day simple moving average of $102.88.

HSBC Holdings plc ADRhedged Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 16th were given a $2.1499 dividend. This represents a $8.60 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Tuesday, June 16th.

HSBC Holdings plc ADRhedged Company Profile

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.