Short Interest in Shell plc ADRhedged (NYSEARCA:SHEH) Drops By 93.3%

Shell plc ADRhedged (NYSEARCA:SHEH) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 82 shares, a decline of 93.3% from the May 31st total of 1,215 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,198 shares, the days-to-cover ratio is presently 0.0 days.

Shell plc ADRhedged Trading Down 1.0%

Shares of SHEH stock traded down $0.58 on Friday, hitting $56.48. 250 shares of the stock were exchanged, compared to its average volume of 5,648. The firm has a market capitalization of $5.65 million, a P/E ratio of 6.75 and a beta of -0.52. Shell plc ADRhedged has a fifty-two week low of $49.42 and a fifty-two week high of $69.49. The business has a 50-day moving average of $61.81 and a 200 day moving average of $59.68.

Shell plc ADRhedged Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 16th were given a dividend of $0.4991 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%.

About Shell plc ADRhedged

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.