Shell plc ADRhedged (NYSEARCA:SHEH) Shares Shorted: Short Interest Up 74.9% in October

Shell plc ADRhedged (NYSEARCA:SHEH) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 591 shares, a growth of 74.9% from the September 30th total of 338 shares. Based on an average trading volume of 7,467 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.6% of the shares of the company are sold short.

Shell plc ADRhedged Price Performance

Shares of SHEH stock opened at $75.47 on Wednesday. The stock has a market cap of $7.55 million, a P/E ratio of 6.75 and a beta of -0.55. The company has a fifty day moving average price of $71.79 and a two-hundred day moving average price of $64.24. Shell plc ADRhedged has a one year low of $50.34 and a one year high of $79.34.

Institutional Investors Weigh In On Shell plc ADRhedged

A hedge fund recently bought a new position in Shell plc ADRhedged stock. Archer Investment Corp bought a new stake in Shell plc ADRhedged (NYSEARCA:SHEH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 and Exchange Commission.

Shell plc ADRhedged Company Profile

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.