Short Interest in Global X Hydrogen ETF (NASDAQ:HYDR) Grows By 53.4%

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 14,471 shares, a growth of 53.4% from the January 15th total of 9,435 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 31,760 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 31,760 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Global X Hydrogen ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in shares of Global X Hydrogen ETF by 12.5% during the 1st quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock valued at $1,662,000 after purchasing an additional 10,806 shares in the last quarter. Smithfield Trust Co purchased a new position in Global X Hydrogen ETF during the second quarter worth approximately $44,000. Biltmore Family Office LLC purchased a new stake in Global X Hydrogen ETF in the 3rd quarter valued at $207,000. Susquehanna International Group LLP acquired a new position in shares of Global X Hydrogen ETF during the 3rd quarter valued at about $257,000. Finally, LPL Financial LLC increased its position in Global X Hydrogen ETF by 37.7% during the fourth quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock worth $679,000 after purchasing an additional 5,850 shares during the last quarter.

Global X Hydrogen ETF Price Performance

Global X Hydrogen ETF stock traded up $0.75 during mid-day trading on Friday, reaching $37.59. 9,081 shares of the company traded hands, compared to its average volume of 23,599. Global X Hydrogen ETF has a fifty-two week low of $14.94 and a fifty-two week high of $47.88. The company has a market capitalization of $60.52 million, a price-to-earnings ratio of -27.78 and a beta of 1.97. The firm’s fifty day moving average is $36.35 and its two-hundred day moving average is $34.96.

Global X Hydrogen ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a $0.9498 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 588.0%.

Global X Hydrogen ETF Company Profile

The Global X Hydrogen ETF (HYDR) is an exchange-traded fund that is based on the Solactive Global Hydrogen index, a modified market-cap-weighted index that provides global exposure to companies positioned to benefit from hydrogen economy. HYDR was launched on Jul 12, 2021 and is managed by Global X.