HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) Sees Large Growth in Short Interest

HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 2,427 shares, an increase of 1,465.8% from the August 31st total of 155 shares. Based on an average trading volume of 6,444 shares, the days-to-cover ratio is presently 0.4 days. Approximately 4.0% of the shares of the stock are short sold.

HSBC Holdings plc ADRhedged Stock Performance

NYSEARCA HSBH traded up $0.06 on Thursday, reaching $112.09. The company’s stock had a trading volume of 1,142 shares, compared to its average volume of 6,758. HSBC Holdings plc ADRhedged has a twelve month low of $71.92 and a twelve month high of $118.30. The stock has a market cap of $6.73 million, a PE ratio of 17.23 and a beta of 0.44. The firm’s 50 day moving average is $113.60 and its two-hundred day moving average is $105.46.

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.