HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) Sees Large Increase in Short Interest

HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,598 shares, a growth of 568.6% from the July 15th total of 239 shares. Based on an average trading volume of 12,193 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.7% of the company’s stock are sold short.

HSBC Holdings plc ADRhedged Stock Performance

Shares of NYSEARCA:HSBH traded up $0.57 during trading hours on Wednesday, reaching $113.25. The stock had a trading volume of 7,002 shares, compared to its average volume of 6,633. HSBC Holdings plc ADRhedged has a 1 year low of $69.50 and a 1 year high of $118.30. The firm’s 50 day moving average is $108.73 and its 200-day moving average is $101.43. The stock has a market capitalization of $6.79 million, a price-to-earnings ratio of 17.23 and a beta of 0.48.

HSBC Holdings plc ADRhedged Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 16th were issued a $2.1499 dividend. This represents a $8.60 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Tuesday, June 16th.

HSBC Holdings plc ADRhedged Company Profile

The HSBC Holdings plc ADRhedged (HSBH) is an exchange-traded fund that mostly invests in financials equity. The fund provides exposure to HSBC Holdings ADR, while using swaps to hedge daily currency fluctuations. The fund aims to provide the total return performance of HSBC Holdings Plc, in its local market, to US investors. HSBH was launched on Oct 1, 2024 and is issued by ADRhedged.