Hyliion Target of Unusually High Options Trading (NYSEAMERICAN:HYLN)

Hyliion Holdings Corp. (NYSEAMERICAN:HYLN) was the target of some unusual options trading on Friday. Investors bought 7,813 call options on the stock. This represents an increase of 225% compared to the average volume of 2,403 call options.

Hyliion Stock Performance

Shares of Hyliion stock traded down $0.32 during trading hours on Friday, hitting $7.30. The company’s stock had a trading volume of 4,561,692 shares, compared to its average volume of 2,017,780. The business has a 50 day moving average price of $3.20 and a two-hundred day moving average price of $2.40. Hyliion has a 12-month low of $1.30 and a 12-month high of $7.97. The company has a market cap of $1.30 billion, a PE ratio of -24.35 and a beta of 3.43.

Hedge Funds Weigh In On Hyliion

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Hyliion by 13.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 596,221 shares of the company’s stock valued at $1,098,000 after acquiring an additional 69,798 shares in the last quarter. Invesco Ltd. lifted its position in shares of Hyliion by 22.8% in the second quarter. Invesco Ltd. now owns 3,288,531 shares of the company’s stock worth $4,341,000 after buying an additional 610,030 shares in the last quarter. State Street Corp lifted its position in shares of Hyliion by 0.8% in the fourth quarter. State Street Corp now owns 3,036,081 shares of the company’s stock worth $5,586,000 after buying an additional 22,963 shares in the last quarter. Millennium Management LLC lifted its position in shares of Hyliion by 27.4% in the first quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock worth $8,814,000 after buying an additional 1,355,951 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Hyliion in the first quarter worth about $214,000. 22.81% of the stock is currently owned by hedge funds and other institutional investors.

About Hyliion

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.