Short Interest in SAP SE ADRhedged (NYSEARCA:SAPH) Rises By 1,338.4%

SAP SE ADRhedged (NYSEARCA:SAPH) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,237 shares, an increase of 1,338.4% from the July 15th total of 86 shares. Based on an average daily trading volume, of 873 shares, the short-interest ratio is currently 1.4 days. Approximately 12.4% of the company’s shares are short sold.

SAP SE ADRhedged Trading Up 0.3%

SAP SE ADRhedged stock traded up $0.11 during mid-day trading on Tuesday, hitting $38.35. The company’s stock had a trading volume of 667 shares, compared to its average volume of 547. The stock’s fifty day moving average is $31.35 and its two-hundred day moving average is $33.35. SAP SE ADRhedged has a 1 year low of $27.49 and a 1 year high of $51.57.

SAP SE ADRhedged Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.9553 per share. The ex-dividend date was Tuesday, June 16th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 10.0%. This is a boost from SAP SE ADRhedged’s previous quarterly dividend of $0.24.

Institutional Trading of SAP SE ADRhedged

An institutional investor recently bought a new position in SAP SE ADRhedged stock. Madison Asset Management LLC bought a new stake in SAP SE ADRhedged (NYSEARCA:SAPH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,686 shares of the company’s stock, valued at approximately $1,955,000. Madison Asset Management LLC owned about 126.86% of SAP SE ADRhedged at the end of the most recent reporting period.