Global X Hydrogen ETF (NASDAQ:HYDR) Stock Jumps 0.8% – Time to Buy?

Global X Hydrogen ETF (NASDAQ:HYDR)’s stock price traded up 0.8% during mid-day trading on Monday. The company traded as high as $36.17 and last traded at $35.69. Approximately 9,783 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 55,277 shares. The stock had previously closed at $35.40.

Global X Hydrogen ETF Trading Up 1.4%

The firm has a fifty day moving average of $42.28 and a two-hundred day moving average of $45.49. The company has a market cap of $82.74 million, a PE ratio of -27.78 and a beta of 2.44.

Hedge Funds Weigh In On Global X Hydrogen ETF

Several hedge funds have recently bought and sold shares of the company. Carlson Financial Inc. boosted its holdings in Global X Hydrogen ETF by 8.2% in the 2nd quarter. Carlson Financial Inc. now owns 24,616 shares of the company’s stock valued at $1,307,000 after purchasing an additional 1,858 shares during the period. Signaturefd LLC bought a new position in shares of Global X Hydrogen ETF in the third quarter worth $141,000. Finally, Citadel Advisors LLC bought a new position in shares of Global X Hydrogen ETF in the second quarter worth $432,000.

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.