Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Down 65.4% in April

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 86,140 shares, a drop of 65.4% from the April 15th total of 248,903 shares. Currently, 4.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 74,460 shares, the days-to-cover ratio is currently 1.2 days.

Global X Hydrogen ETF Trading Up 0.8%

Shares of Global X Hydrogen ETF stock traded up $0.53 on Thursday, hitting $67.77. 73,764 shares of the company traded hands, compared to its average volume of 43,781. The firm’s 50-day simple moving average is $45.54 and its 200 day simple moving average is $40.60. The company has a market cap of $132.15 million, a P/E ratio of -27.78 and a beta of 2.32. Global X Hydrogen ETF has a 12-month low of $17.50 and a 12-month high of $68.00.

Institutional Trading of Global X Hydrogen ETF

Several institutional investors and hedge funds have recently made changes to their positions in HYDR. Simplex Trading LLC raised its position in shares of Global X Hydrogen ETF by 2,048.9% during the 4th quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock valued at $63,000 after buying an additional 1,885 shares in the last quarter. Osaic Holdings Inc. raised its position in Global X Hydrogen ETF by 86.0% in the 4th quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after purchasing an additional 2,643 shares during the period. Biltmore Family Office LLC purchased a new position in Global X Hydrogen ETF in the 3rd quarter worth $207,000. Susquehanna International Group LLP bought a new stake in Global X Hydrogen ETF in the third quarter worth $257,000. Finally, Jane Street Group LLC boosted its position 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 valued at $565,000 after buying an additional 11,553 shares during the period.

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.