Shell plc ADRhedged (NYSEARCA:SHEH) Sees Significant Increase in Short Interest

Shell plc ADRhedged (NYSEARCA:SHEH) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,365 shares, an increase of 559.4% from the July 15th total of 207 shares. Based on an average daily trading volume, of 10,663 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.4% of the shares of the stock are short sold.

Shell plc ADRhedged Price Performance

Shares of SHEH stock traded down $0.53 during trading hours on Wednesday, hitting $64.48. The stock had a trading volume of 8,222 shares, compared to its average volume of 6,265. The stock’s 50-day moving average price is $61.23 and its two-hundred day moving average price is $61.63. Shell plc ADRhedged has a one year low of $50.34 and a one year high of $69.49. The stock has a market capitalization of $6.45 million, a price-to-earnings ratio of 6.75 and a beta of -0.52.

Shell plc ADRhedged Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 16th were given a dividend of $0.4991 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%.

About Shell plc ADRhedged

The Shell plc ADRhedged (SHEH) is an exchange-traded fund that is based on the Shell plc – Benchmark Price Return index. The fund provides exposure to Shell Plc ADR, while using swaps to hedge daily currency fluctuations. The fund aims to provide the total return performance of Shell Plc, in its local market, to US investors. SHEH was launched on Oct 1, 2024 and is issued by ADRhedged.