HSBC Holdings plc ADRhedged (NYSEARCA:HSBH) Stock Short Interest Drops 89.6%

HSBC Holdings plc ADRhedged (NYSEARCA:HSBH – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 252 shares, a drop of 89.6% from the September 15th total of 2,427 shares. Based on an average daily volume of 8,971 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.4% of the shares of the stock are sold short.

HSBC Holdings plc ADRhedged Price Performance

HSBC Holdings plc ADRhedged stock traded up $0.38 during trading on Friday, reaching $104.33. 5,587 shares of the company were exchanged, compared to its average volume of 6,735. HSBC Holdings plc ADRhedged has a 52-week low of $71.92 and a 52-week high of $118.30. The company has a market capitalization of $6.26 million, a P/E ratio of 17.23 and a beta of 0.47. The stock’s 50 day simple moving average is $112.54 and its two-hundred day simple moving average is $106.67.

HSBC Holdings plc ADRhedged Company Profile

(Get Free Report)

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.

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