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

SAP SE ADRhedged (NYSEARCA:SAPH) saw a large decrease in short interest during the month of 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. Based on an average daily volume of 768 shares, the short-interest ratio is presently 0.2 days. Currently, 1.3% of the company’s stock are short sold.

Hedge Funds Weigh In On SAP SE ADRhedged

An institutional investor recently bought a new stake in SAP SE ADRhedged stock. Madison Asset Management LLC bought a new position in shares of SAP SE ADRhedged (NYSEARCA:SAPH) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 12,686 shares of the company’s stock, valued at approximately $1,955,000. Madison Asset Management LLC owned approximately 126.86% of SAP SE ADRhedged as of its most recent filing with the SEC.

SAP SE ADRhedged Stock Up 0.3%

SAPH stock traded up $0.10 during midday trading on Friday, reaching $39.10. 1,593 shares of the company were exchanged, compared to its average volume of 565. SAP SE ADRhedged has a 1-year low of $27.49 and a 1-year high of $51.57. The stock’s 50-day simple moving average is $37.05 and its 200 day simple moving average is $33.65.