SRH REIT Covered Call ETF (NYSEARCA:SRHR) Stock Short Interest Falls 96.3%

SRH REIT Covered Call ETF (NYSEARCA:SRHR) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 18 shares, a drop of 96.3% from the October 15th total of 485 shares. Based on an average daily volume of 126 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

SRH REIT Covered Call ETF Price Performance

Shares of SRHR traded down $0.31 during mid-day trading on Thursday, hitting $55.90. The company’s stock had a trading volume of 34 shares, compared to its average volume of 166. The firm has a 50-day moving average price of $55.50 and a 200 day moving average price of $56.74. SRH REIT Covered Call ETF has a fifty-two week low of $51.65 and a fifty-two week high of $61.62. The stock has a market capitalization of $50.31 million, a price-to-earnings ratio of 32.87 and a beta of 0.64.

SRH REIT Covered Call ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Thursday, October 22nd were issued a dividend of $0.3013 per share. The ex-dividend date was Thursday, October 22nd. This is a negative change from SRH REIT Covered Call ETF’s previous monthly dividend of $0.3377. This represents a $3.62 dividend on an annualized basis and a yield of 6.5%.

About SRH REIT Covered Call ETF

The SRH REIT Covered Call ETF (SRHR) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed portfolio of publicly traded US REITs, combined with a covered call writing strategy. The funds objective focuses on pursuing total return SRHR was launched on Nov 1, 2023 and is issued by SRH.