Short Interest in Shell plc ADRhedged (NYSEARCA:SHEH) Rises By 1,563.7%

Shell plc ADRhedged (NYSEARCA:SHEHGet Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 6,455 shares, an increase of 1,563.7% from the August 15th total of 388 shares. Approximately 6.5% of the company’s shares are sold short. Based on an average daily volume of 5,725 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Shell plc ADRhedged

A hedge fund recently bought a new stake in Shell plc ADRhedged stock. Archer Investment Corp bought a new stake in shares of Shell plc ADRhedged (NYSEARCA:SHEHFree Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 491 shares of the company’s stock, valued at approximately $38,000. Archer Investment Corp owned 0.49% of Shell plc ADRhedged at the end of the most recent reporting period.

Shell plc ADRhedged Stock Up 0.5%

NYSEARCA:SHEH traded up $0.37 during trading hours on Thursday, reaching $69.25. 5,452 shares of the stock were exchanged, compared to its average volume of 6,273. The business has a 50-day moving average of $64.05 and a two-hundred day moving average of $63.28. Shell plc ADRhedged has a twelve month low of $50.34 and a twelve month high of $69.79. The company has a market capitalization of $6.92 million, a price-to-earnings ratio of 6.75 and a beta of -0.53.

Shell plc ADRhedged Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 16th were issued a $0.4991 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 16th.

Shell plc ADRhedged Company Profile

(Get Free Report)

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.

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