Global X Hydrogen ETF (NASDAQ:HYDR) Sees Large Drop in Short Interest

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 21,198 shares, a decline of 13.6% from the March 15th total of 24,540 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 21,410 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Global X Hydrogen ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in Global X Hydrogen ETF by 12.5% during the first quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock worth $1,662,000 after buying an additional 10,806 shares in the last quarter. Biltmore Family Office LLC bought a new stake in Global X Hydrogen ETF during the third quarter worth $207,000. Susquehanna International Group LLP bought a new stake in Global X Hydrogen ETF during the third quarter worth $257,000. LPL Financial LLC grew its holdings 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 buying an additional 5,850 shares in the last quarter. Finally, Simplex Trading LLC grew its holdings in 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 in the last quarter.

Global X Hydrogen ETF Stock Performance

Shares of NASDAQ HYDR traded up $1.52 during midday trading on Friday, hitting $47.04. 26,703 shares of the stock traded hands, compared to its average volume of 27,831. The company has a market cap of $75.73 million, a PE ratio of -27.78 and a beta of 1.98. Global X Hydrogen ETF has a one year low of $15.49 and a one year high of $47.95. The business has a 50 day moving average price of $38.67 and a two-hundred day moving average price of $38.51.

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.