Shell plc ADRhedged (NYSEARCA:SHEH) Sees Significant Drop in Short Interest

Shell plc ADRhedged (NYSEARCA:SHEHGet Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 388 shares, a decrease of 71.6% from the July 30th total of 1,365 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 8,796 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Shell plc ADRhedged

An institutional investor recently bought a new stake in Shell plc ADRhedged stock. Archer Investment Corp bought a new position in Shell plc ADRhedged (NYSEARCA:SHEHFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 491 shares of the company’s stock, valued at approximately $38,000. Archer Investment Corp owned about 0.49% of Shell plc ADRhedged as of its most recent filing with the Securities & Exchange Commission.

Shell plc ADRhedged Stock Down 0.3%

Shares of SHEH stock traded down $0.18 during mid-day trading on Thursday, reaching $65.33. 248 shares of the company’s stock traded hands, compared to its average volume of 6,348. The company’s 50-day moving average price is $62.12 and its 200-day moving average price is $62.54. The company has a market cap of $6.53 million, a P/E ratio of 6.75 and a beta of -0.52. Shell plc ADRhedged has a 12 month low of $50.34 and a 12 month high of $69.49.

Shell plc ADRhedged Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.4991 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, June 16th.

About Shell plc ADRhedged

(Get Free Report)

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.

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