Global X Hydrogen ETF (NASDAQ:HYDR) Sees Significant Decline in Short Interest

Global X Hydrogen ETF (NASDAQ:HYDR) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 10,695 shares, a drop of 72.5% from the May 31st total of 38,837 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 161,984 shares, the days-to-cover ratio is currently 0.1 days.

Global X Hydrogen ETF Trading Down 5.6%

HYDR opened at $47.80 on Friday. The firm has a market cap of $93.21 million, a price-to-earnings ratio of -27.78 and a beta of 2.35. The stock has a fifty day moving average price of $59.37 and a 200-day moving average price of $45.09. Global X Hydrogen ETF has a 12 month low of $21.66 and a 12 month high of $74.80.

Institutional Investors Weigh In On Global X Hydrogen ETF

A number of large investors have recently made changes to their positions in HYDR. Simplex Trading LLC grew its position in Global X Hydrogen ETF by 2,048.9% in the fourth quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock worth $63,000 after acquiring an additional 1,885 shares during the period. Osaic Holdings Inc. grew its stake in shares of Global X Hydrogen ETF by 86.0% in the fourth quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after acquiring an additional 2,643 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Global X Hydrogen ETF in the 3rd quarter valued at about $257,000. Jane Street Group LLC raised its position in Global X Hydrogen ETF by 185.4% in the 4th quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock valued at $565,000 after purchasing an additional 11,553 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of 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 buying an additional 5,850 shares during the period.

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.