Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Down 38.0% in July

Global X Hydrogen ETF (NASDAQ:HYDR) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 36,916 shares, a decline of 38.0% from the July 15th total of 59,556 shares. Based on an average daily volume of 74,254 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.6% of the shares of the company are short sold.

Global X Hydrogen ETF Stock Up 1.9%

Global X Hydrogen ETF stock traded up $0.82 during trading hours on Wednesday, hitting $43.73. 8,758 shares of the company traded hands, compared to its average volume of 60,620. Global X Hydrogen ETF has a 1-year low of $24.14 and a 1-year high of $74.80. The firm has a market cap of $99.70 million, a P/E ratio of -27.78 and a beta of 2.41. The firm’s 50-day simple moving average is $47.13 and its two-hundred day simple moving average is $47.43.

Global X Hydrogen ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a dividend of $0.3691 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in Global X Hydrogen ETF by 12.5% in the 1st quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock valued at $1,662,000 after acquiring an additional 10,806 shares during the last quarter. LPL Financial LLC lifted its stake 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 valued at $679,000 after purchasing an additional 5,850 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Global X Hydrogen ETF in the third quarter valued at $257,000. Osaic Holdings Inc. boosted its stake in shares of Global X Hydrogen ETF by 86.0% during the 4th quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after acquiring an additional 2,643 shares in the last quarter. Finally, Simplex Trading LLC grew its holdings in shares of Global X Hydrogen ETF by 2,048.9% in the 4th quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock worth $63,000 after acquiring an additional 1,885 shares during the last quarter.

About Global X Hydrogen ETF

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.