HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) Sees Large Growth in Short Interest

HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 239 shares, a growth of 1,157.9% from the June 30th total of 19 shares. Based on an average daily trading volume, of 8,747 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.4% of the shares of the company are short sold.

HSBC Holdings plc ADRhedged Stock Up 1.4%

HSBC Holdings plc ADRhedged stock traded up $1.58 during mid-day trading on Friday, hitting $114.25. 8,220 shares of the company’s stock traded hands, compared to its average volume of 5,887. The firm has a 50 day moving average price of $106.19 and a 200 day moving average price of $99.28. The company has a market cap of $6.86 million, a PE ratio of 17.23 and a beta of 0.51. HSBC Holdings plc ADRhedged has a one year low of $67.22 and a one year high of $114.57.

HSBC Holdings plc ADRhedged Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders 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 7.5%. The ex-dividend date of this dividend 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.