Short Interest in Global X Hydrogen ETF (NASDAQ:HYDR) Drops By 78.2%

Global X Hydrogen ETF (NASDAQ:HYDR) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 18,403 shares, a decline of 78.2% from the August 15th total of 84,388 shares. Based on an average daily volume of 32,724 shares, the short-interest ratio is presently 0.6 days. Approximately 0.8% of the shares of the company are sold short.

Global X Hydrogen ETF Stock Down 5.3%

Shares of NASDAQ HYDR opened at $44.00 on Friday. The stock has a market cap of $100.32 million, a PE ratio of -27.78 and a beta of 2.42. Global X Hydrogen ETF has a 52-week low of $27.86 and a 52-week high of $74.80. The business has a 50-day moving average price of $43.78 and a 200 day moving average price of $48.14.

Global X Hydrogen ETF Announces Dividend

The company also recently disclosed a semiannual dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a $0.3691 dividend. The ex-dividend date was Monday, June 29th. This represents a yield of 146.0%.

Hedge Funds Weigh In On Global X Hydrogen ETF

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its holdings in shares of Global X Hydrogen ETF by 12.5% in the 1st quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock valued at $1,662,000 after acquiring an additional 10,806 shares during the period. Carlson Financial Inc. boosted its stake in Global X Hydrogen ETF by 8.2% during the 2nd quarter. Carlson Financial Inc. now owns 24,616 shares of the company’s stock worth $1,307,000 after purchasing an additional 1,858 shares during the period. LPL Financial LLC boosted its stake in Global X Hydrogen ETF by 37.7% during 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 period. Citadel Advisors LLC acquired a new stake in Global X Hydrogen ETF during the 2nd quarter worth $432,000. Finally, Susquehanna International Group LLP purchased a new position in Global X Hydrogen ETF during the 3rd quarter worth $257,000.

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.