SRH REIT Covered Call ETF (NYSEARCA:SRHR) Shares Shorted: Short Interest Down 46.7% in October

SRH REIT Covered Call ETF (NYSEARCA:SRHR) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 485 shares, a decrease of 46.7% from the September 30th total of 910 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 148 shares, the days-to-cover ratio is currently 3.3 days.

SRH REIT Covered Call ETF Trading Down 0.8%

NYSEARCA SRHR traded down $0.46 during trading on Friday, hitting $55.10. 30 shares of the company traded hands, compared to its average volume of 165. SRH REIT Covered Call ETF has a 12 month low of $51.65 and a 12 month high of $61.62. The business has a fifty day simple moving average of $55.92 and a 200 day simple moving average of $56.70. The company has a market capitalization of $49.59 million, a P/E ratio of 32.87 and a beta of 0.65.

SRH REIT Covered Call ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Thursday, October 22nd were paid a dividend of $0.3013 per share. This is a drop from SRH REIT Covered Call ETF’s previous monthly dividend of $0.3377. The ex-dividend date was Thursday, October 22nd. This represents a $3.62 annualized dividend and a dividend yield of 6.6%.

SRH REIT Covered Call ETF Company Profile

The SRH REIT Covered Call ETF (SRHR) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed portfolio of publicly traded US REITs, combined with a covered call writing strategy. The funds objective focuses on pursuing total return SRHR was launched on Nov 1, 2023 and is issued by SRH.