Shell plc ADRhedged (NYSEARCA:SHEH) Shares Shorted: Short Interest Up 74.9% in October

Shell plc ADRhedged (NYSEARCA:SHEH) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 591 shares, an increase of 74.9% from the September 30th total of 338 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 7,467 shares, the days-to-cover ratio is currently 0.1 days.

Shell plc ADRhedged Trading Down 3.5%

NYSEARCA:SHEH opened at $76.03 on Tuesday. The firm has a market cap of $7.60 million, a PE ratio of 6.75 and a beta of -0.55. The stock has a fifty day moving average price of $71.61 and a 200 day moving average price of $64.14. Shell plc ADRhedged has a 12-month low of $50.34 and a 12-month high of $79.34.

Hedge Funds Weigh In On Shell plc ADRhedged

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

Shell plc ADRhedged Company Profile

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.