Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 1,220,266 shares traded hands during trading, an increase of 15% from the previous session’s volume of 1,057,424 shares.The stock last traded at $3.6470 and had previously closed at $3.59.
Hyliion Stock Performance
The firm has a fifty day simple moving average of $1.99 and a 200 day simple moving average of $1.99. The company has a market capitalization of $634.08 million, a PE ratio of -9.64 and a beta of 2.59.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Hyliion by 34.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 799,672 shares of the company’s stock valued at $1,406,000 after purchasing an additional 203,451 shares during the last quarter. Angeles Wealth Management LLC acquired a new position in shares of Hyliion in the 1st quarter valued at $44,000. Hsbc Holdings PLC acquired a new stake in shares of Hyliion in the first quarter valued at $27,000. Apella Capital LLC purchased a new position in Hyliion in the first quarter valued at $37,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Hyliion by 8,348.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 20,107 shares of the company’s stock worth $37,000 after buying an additional 19,869 shares during the last quarter. 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.
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