HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) Short Interest Up 568.6% in July

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

HSBC Holdings plc ADRhedged Price Performance

Shares of HSBH stock traded up $0.57 during trading on Wednesday, reaching $113.25. The company’s 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 stock’s 50-day moving average price is $108.73 and its 200 day moving average price is $101.43. The company 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 16th were given a dividend of $2.1499 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 7.6%.

About HSBC Holdings plc ADRhedged

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.