HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) Stock Short Interest Declines 89.6%

HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 252 shares, a drop of 89.6% from the September 15th total of 2,427 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 8,971 shares, the days-to-cover ratio is presently 0.0 days.

HSBC Holdings plc ADRhedged Trading Up 0.4%

Shares of NYSEARCA HSBH traded up $0.38 during mid-day trading on Friday, reaching $104.33. The company had a trading volume of 5,587 shares, compared to its average volume of 6,735. The stock has a market cap of $6.26 million, a PE ratio of 17.23 and a beta of 0.47. The company has a 50-day moving average price of $112.54 and a two-hundred day moving average price of $106.67. HSBC Holdings plc ADRhedged has a 1-year low of $71.92 and a 1-year high of $118.30.

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.