SRH REIT Covered Call ETF (NYSEARCA:SRHR) Sees Large Drop in Short Interest

SRH REIT Covered Call ETF (NYSEARCA:SRHR) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 117 shares, a drop of 48.9% from the April 15th total of 229 shares. Based on an average daily volume of 155 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are sold short.

SRH REIT Covered Call ETF Stock Down 1.2%

Shares of NYSEARCA SRHR traded down $0.68 during midday trading on Friday, hitting $56.58. The company had a trading volume of 133 shares, compared to its average volume of 176. SRH REIT Covered Call ETF has a twelve month low of $51.65 and a twelve month high of $58.29. The business has a 50-day simple moving average of $55.01 and a two-hundred day simple moving average of $54.50. The firm has a market capitalization of $50.92 million, a price-to-earnings ratio of 32.87 and a beta of 0.69.

SRH REIT Covered Call ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a $0.2718 dividend. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 5.8%.

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.