Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Up 128.6% in August

Global X Hydrogen ETF (NASDAQ:HYDR) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 84,388 shares, a growth of 128.6% from the July 30th total of 36,916 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 35,500 shares, the days-to-cover ratio is presently 2.4 days.

Global X Hydrogen ETF Price Performance

HYDR stock traded down $0.75 during mid-day trading on Friday, reaching $43.40. 21,170 shares of the company’s stock were exchanged, compared to its average volume of 59,762. The company has a market cap of $98.95 million, a price-to-earnings ratio of -27.78 and a beta of 2.41. The stock’s 50 day moving average is $45.23 and its 200 day moving average is $47.69. Global X Hydrogen ETF has a 12-month low of $25.00 and a 12-month high of $74.80.

Global X Hydrogen ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a dividend of $0.3691 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Simplex Trading LLC increased its holdings 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 worth $63,000 after acquiring an additional 1,885 shares in the last quarter. Osaic Holdings Inc. grew its position 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 purchased a new stake in shares of Global X Hydrogen ETF during the third quarter worth about $257,000. Jane Street Group LLC increased its stake 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 in the last quarter. Finally, LPL Financial LLC raised its position in shares of Global X Hydrogen ETF by 37.7% during the 4th quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock worth $679,000 after purchasing an additional 5,850 shares during 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.