Global X Hydrogen ETF (NASDAQ:HYDR) Stock Short Interest Report for October

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 85,496 shares, a growth of 275.5% from the September 30th total of 22,768 shares. Based on an average daily trading volume, of 27,952 shares, the short-interest ratio is presently 3.1 days. Approximately 4.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Carlson Financial Inc. lifted its stake 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 last quarter. Citadel Advisors LLC bought a new position in Global X Hydrogen ETF during the second quarter worth about $432,000. Finally, Signaturefd LLC acquired a new position in Global X Hydrogen ETF during the third quarter worth approximately $141,000.

Global X Hydrogen ETF Stock Down 3.1%

Shares of NASDAQ:HYDR traded down $1.12 during midday trading on Friday, reaching $35.22. The company had a trading volume of 3,388 shares, compared to its average volume of 54,700. The business’s 50 day moving average price is $42.13 and its 200 day moving average price is $45.49. The stock has a market cap of $77.83 million, a PE ratio of -27.78 and a beta of 2.44. Global X Hydrogen ETF has a 1-year low of $31.69 and a 1-year high of $74.80.

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.