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

SAP SE ADRhedged (NYSEARCA:SAPH) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 130 shares, a drop of 82.8% from the August 31st total of 758 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 768 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SAP SE ADRhedged stock. Madison Asset Management LLC acquired a new position in SAP SE ADRhedged (NYSEARCA:SAPH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,686 shares of the company’s stock, valued at approximately $1,955,000. Madison Asset Management LLC owned about 126.86% of SAP SE ADRhedged as of its most recent SEC filing.

SAP SE ADRhedged Price Performance

Shares of NYSEARCA:SAPH traded up $0.18 during midday trading on Friday, hitting $39.18. 209 shares of the stock were exchanged, compared to its average volume of 557. The business’s fifty day simple moving average is $36.86 and its two-hundred day simple moving average is $33.61. SAP SE ADRhedged has a 52-week low of $27.49 and a 52-week high of $51.57.