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

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

Global X Hydrogen ETF Trading Up 3.3%

Global X Hydrogen ETF stock traded up $1.52 during trading on Friday, hitting $47.04. 26,703 shares of the company were exchanged, compared to its average volume of 27,831. The business’s 50 day moving average is $38.67 and its 200 day moving average is $38.51. Global X Hydrogen ETF has a 52 week low of $15.49 and a 52 week high of $47.95. The company has a market capitalization of $75.73 million, a P/E ratio of -27.78 and a beta of 1.98.

Institutional Investors Weigh In On Global X Hydrogen ETF

Several institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in Global X Hydrogen ETF by 86.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after buying an additional 2,643 shares in the last quarter. Jane Street Group LLC grew its holdings in Global X Hydrogen ETF by 185.4% during the fourth quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock worth $565,000 after buying an additional 11,553 shares in the last quarter. 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. LPL Financial LLC boosted its position in Global X Hydrogen ETF by 37.7% in the fourth 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. Finally, Susquehanna International Group LLP purchased a new position in Global X Hydrogen ETF in the third quarter worth $257,000.

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.