HSBC Holdings plc ADRhedged (NYSEARCA:HSBH – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 3,259 shares, a growth of 1,193.3% from the September 30th total of 252 shares. Based on an average daily volume of 8,523 shares, the days-to-cover ratio is currently 0.4 days. Approximately 5.4% of the company’s shares are short sold.
HSBC Holdings plc ADRhedged Price Performance
Shares of HSBH stock traded up $0.68 during trading hours on Monday, hitting $101.45. The company had a trading volume of 2,576 shares, compared to its average volume of 6,821. The company’s fifty day moving average is $110.30 and its 200 day moving average is $103.26. HSBC Holdings plc ADRhedged has a fifty-two week low of $73.92 and a fifty-two week high of $118.30. The stock has a market capitalization of $6.09 million, a PE ratio of 17.23 and a beta of 0.47.
About HSBC Holdings plc ADRhedged
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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