SAP SE ADRhedged (NYSEARCA:SAPH) Sees Large Increase in Short Interest

SAP SE ADRhedged (NYSEARCA:SAPH) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,237 shares, a growth of 1,338.4% from the July 15th total of 86 shares. Based on an average trading volume of 873 shares, the short-interest ratio is currently 1.4 days. Approximately 12.4% of the shares of the stock are sold short.

SAP SE ADRhedged Trading Down 2.4%

SAPH stock opened at $37.44 on Thursday. The firm has a 50 day moving average of $31.47 and a 200-day moving average of $33.30. SAP SE ADRhedged has a 12-month low of $27.49 and a 12-month high of $51.57.

SAP SE ADRhedged Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 16th were paid a $0.9553 dividend. This represents a $3.82 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Tuesday, June 16th. This is a positive change from SAP SE ADRhedged’s previous quarterly dividend of $0.24.

Hedge Funds Weigh In On SAP SE ADRhedged

An institutional investor recently bought a new stake in SAP SE ADRhedged stock. Madison Asset Management LLC acquired a new position in shares of SAP SE ADRhedged (NYSEARCA:SAPH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,686 shares of the company’s stock, valued at approximately $1,955,000. Madison Asset Management LLC owned 126.86% of SAP SE ADRhedged at the end of the most recent reporting period.