Short Interest in Global X Hydrogen ETF (NASDAQ:HYDR) Drops By 68.2%

Global X Hydrogen ETF (NASDAQ:HYDR) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 27,357 shares, a decrease of 68.2% from the April 30th total of 86,140 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 124,513 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Global X Hydrogen ETF

Several hedge funds have recently bought and sold shares of HYDR. Jane Street Group LLC grew its position in 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 last quarter. Susquehanna International Group LLP bought a new position in Global X Hydrogen ETF in the 3rd quarter valued at $257,000. LPL Financial LLC grew its position in Global X Hydrogen ETF by 37.7% in the 4th quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock valued at $679,000 after acquiring an additional 5,850 shares during the last quarter. Simplex Trading LLC grew its position in Global X Hydrogen ETF by 2,048.9% in the 4th quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock valued at $63,000 after acquiring an additional 1,885 shares during the last quarter. Finally, Osaic Holdings Inc. grew 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 valued at $182,000 after acquiring an additional 2,643 shares during the last quarter.

Global X Hydrogen ETF Stock Performance

Shares of NASDAQ:HYDR opened at $70.37 on Monday. The company has a market capitalization of $137.22 million, a price-to-earnings ratio of -27.78 and a beta of 2.32. Global X Hydrogen ETF has a 12 month low of $18.10 and a 12 month high of $74.80. The firm’s 50-day moving average is $51.92 and its 200 day moving average is $42.45.

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.