Shell plc ADRhedged (NYSEARCA:SHEH) Sees Large Decline in Short Interest

Shell plc ADRhedged (NYSEARCA:SHEH) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 82 shares, a decrease of 93.3% from the May 31st total of 1,215 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 3,198 shares, the short-interest ratio is presently 0.0 days.

Shell plc ADRhedged Stock Down 0.8%

Shares of NYSEARCA:SHEH traded down $0.44 during mid-day trading on Thursday, reaching $57.06. 9,495 shares of the stock were exchanged, compared to its average volume of 5,693. The stock’s 50 day simple moving average is $61.96 and its 200-day simple moving average is $59.70. Shell plc ADRhedged has a one year low of $49.42 and a one year high of $69.49. The company has a market cap of $5.71 million, a P/E ratio of 6.75 and a beta of -0.52.

Shell plc ADRhedged Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders 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 dividend on an annualized basis and a yield of 3.5%.

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.