Global X Hydrogen ETF (NASDAQ:HYDR) Shares Shorted: Short Interest Up 275.5% in October

Global X Hydrogen ETF (NASDAQ:HYDR) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 85,496 shares, a growth of 275.5% from the September 30th total of 22,768 shares. Based on an average daily trading volume, of 27,952 shares, the short-interest ratio is presently 3.1 days. Approximately 4.0% of the company’s shares are short sold.

Global X Hydrogen ETF Stock Up 1.4%

Global X Hydrogen ETF stock traded up $0.52 during midday trading on Wednesday, hitting $37.44. 77,041 shares of the stock were exchanged, compared to its average volume of 55,174. The stock has a market capitalization of $82.74 million, a PE ratio of -27.78 and a beta of 2.44. The company has a fifty day simple moving average of $42.39 and a two-hundred day simple moving average of $45.48. Global X Hydrogen ETF has a 52 week low of $31.69 and a 52 week high of $74.80.

Hedge Funds Weigh In On Global X Hydrogen ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in Global X Hydrogen ETF during the 2nd quarter valued at $432,000. Signaturefd LLC bought a new position in Global X Hydrogen ETF during the third quarter worth about $141,000. Finally, Carlson Financial Inc. raised its stake in Global X Hydrogen ETF by 8.2% in the 2nd quarter. Carlson Financial Inc. now owns 24,616 shares of the company’s stock worth $1,307,000 after purchasing an additional 1,858 shares in the last quarter.

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.