SRH REIT Covered Call ETF (NYSEARCA:SRHR) Stock Short Interest Drops 96.3%

SRH REIT Covered Call ETF (NYSEARCA:SRHR) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 18 shares, a decline of 96.3% from the October 15th total of 485 shares. Based on an average trading volume of 126 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

SRH REIT Covered Call ETF Stock Down 0.4%

Shares of NYSEARCA SRHR traded down $0.20 during midday trading on Wednesday, reaching $56.09. 315 shares of the company were exchanged, compared to its average volume of 167. The stock’s 50-day moving average price is $55.53 and its 200-day moving average price is $56.73. The stock has a market cap of $50.48 million, a P/E ratio of 32.87 and a beta of 0.64. SRH REIT Covered Call ETF has a one year low of $51.65 and a one year high of $61.62.

SRH REIT Covered Call ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Thursday, October 22nd were given a dividend of $0.3013 per share. This represents a $3.62 dividend on an annualized basis and a dividend yield of 6.4%. This is a negative change from SRH REIT Covered Call ETF’s previous monthly dividend of $0.3377. The ex-dividend date was Thursday, October 22nd.

About SRH REIT Covered Call ETF

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.