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

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 10,695 shares, a decrease of 72.5% from the May 31st total of 38,837 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 161,984 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Global X Hydrogen ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC raised its holdings in Global X Hydrogen ETF by 2,048.9% in the fourth quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock valued at $63,000 after acquiring an additional 1,885 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Global X Hydrogen ETF by 86.0% during the 4th quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after acquiring an additional 2,643 shares in the last quarter. Susquehanna International Group LLP acquired a new position 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 in the last quarter. Finally, LPL Financial LLC increased its position in shares of Global X Hydrogen ETF by 37.7% in the 4th quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock worth $679,000 after purchasing an additional 5,850 shares during the last quarter.

Global X Hydrogen ETF Trading Up 5.5%

NASDAQ HYDR traded up $2.61 during mid-day trading on Monday, reaching $50.41. 57,941 shares of the company’s stock traded hands, compared to its average volume of 63,658. Global X Hydrogen ETF has a 1-year low of $22.30 and a 1-year high of $74.80. The company has a fifty day simple moving average of $59.47 and a 200-day simple moving average of $45.25. The company has a market cap of $98.30 million, a price-to-earnings ratio of -27.78 and a beta of 2.35.

Global X Hydrogen ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th will be paid a dividend of $0.3691 per share. The ex-dividend date is Monday, June 29th.

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.