Global X Hydrogen ETF (NASDAQ:HYDR – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 17,052 shares, a drop of 80.1% from the October 15th total of 85,496 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 40,289 shares, the days-to-cover ratio is currently 0.4 days.
Global X Hydrogen ETF Stock Performance
HYDR stock traded down $1.14 during midday trading on Thursday, reaching $34.16. The stock had a trading volume of 4,023 shares, compared to its average volume of 53,890. The firm has a fifty day simple moving average of $40.55 and a two-hundred day simple moving average of $45.31. The stock has a market cap of $68.65 million, a PE ratio of 36.02 and a beta of 2.42. Global X Hydrogen ETF has a 52-week low of $31.69 and a 52-week high of $74.80.
Hedge Funds Weigh In On Global X Hydrogen ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new stake in Global X Hydrogen ETF during the 3rd quarter worth $515,000. Signaturefd LLC acquired a new position in shares of Global X Hydrogen ETF in the 3rd quarter valued at $141,000. Citadel Advisors LLC acquired a new position in Global X Hydrogen ETF in the second quarter valued at about $432,000. Finally, Carlson Financial Inc. increased its holdings 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.
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.
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