Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Down 38.0% in July

Global X Hydrogen ETF (NASDAQ:HYDR) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 36,916 shares, a decline of 38.0% from the July 15th total of 59,556 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 74,254 shares, the short-interest ratio is presently 0.5 days.

Global X Hydrogen ETF Price Performance

Shares of NASDAQ:HYDR traded down $2.51 during midday trading on Tuesday, hitting $42.81. The company had a trading volume of 20,801 shares, compared to its average volume of 60,916. The company has a fifty day moving average of $47.35 and a two-hundred day moving average of $47.42. Global X Hydrogen ETF has a 12-month low of $24.14 and a 12-month high of $74.80. The company has a market cap of $97.61 million, a price-to-earnings ratio of -27.78 and a beta of 2.41.

Global X Hydrogen ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a $0.3691 dividend. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On Global X Hydrogen ETF

Several institutional investors have recently modified their holdings of HYDR. Simplex Trading LLC increased its stake in shares of Global X Hydrogen ETF by 2,048.9% during the fourth 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 during the period. Osaic Holdings Inc. increased its holdings 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 valued at $182,000 after purchasing an additional 2,643 shares during the period. Susquehanna International Group LLP acquired a new position in Global X Hydrogen ETF in the 3rd quarter worth approximately $257,000. Jane Street Group LLC raised its holdings in shares of 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 worth $565,000 after purchasing an additional 11,553 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings 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.

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.