Short Interest in Global X Hydrogen ETF (NASDAQ:HYDR) Rises By 128.6%

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 84,388 shares, a growth of 128.6% from the July 30th total of 36,916 shares. Based on an average daily trading volume, of 35,500 shares, the short-interest ratio is presently 2.4 days. Approximately 3.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X Hydrogen ETF

Institutional investors have recently modified their holdings of the stock. Simplex Trading LLC raised its stake in shares of Global X Hydrogen ETF by 2,048.9% during the fourth quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock worth $63,000 after buying an additional 1,885 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Global X Hydrogen ETF by 86.0% in the fourth quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock valued at $182,000 after acquiring an additional 2,643 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Global X Hydrogen ETF during the 3rd quarter worth $257,000. Jane Street Group LLC grew its holdings in Global X Hydrogen ETF by 185.4% during the 4th quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock worth $565,000 after acquiring an additional 11,553 shares during the period. Finally, LPL Financial LLC raised its position in shares of Global X Hydrogen ETF by 37.7% during the 4th quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock valued at $679,000 after acquiring an additional 5,850 shares during the last quarter.

Global X Hydrogen ETF Stock Performance

NASDAQ HYDR traded down $0.75 during trading on Friday, reaching $43.40. 21,170 shares of the company traded hands, compared to its average volume of 59,762. Global X Hydrogen ETF has a 1-year low of $25.00 and a 1-year high of $74.80. The company has a market cap of $98.95 million, a price-to-earnings ratio of -27.78 and a beta of 2.41. The stock’s 50 day moving average price is $45.50 and its two-hundred day moving average price is $47.72.

Global X Hydrogen ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a $0.3691 dividend. The ex-dividend date was Monday, June 29th.

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.