Global X Hydrogen ETF (NASDAQ:HYDR) Stock Price Up 3.3% – Should You Buy?

Global X Hydrogen ETF (NASDAQ:HYDR) shares traded up 3.3% on Thursday . The company traded as high as $40.00 and last traded at $40.00. 29,655 shares were traded during trading, an increase of 25% from the average session volume of 23,675 shares. The stock had previously closed at $38.72.

Global X Hydrogen ETF Stock Performance

The company has a 50 day simple moving average of $35.98 and a two-hundred day simple moving average of $33.55. The firm has a market cap of $62.74 million, a PE ratio of -27.78 and a beta of 1.97.

Global X Hydrogen ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a dividend of $0.9498 per share. This represents a dividend yield of 588.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Hedge Funds Weigh In On Global X Hydrogen ETF

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in Global X Hydrogen ETF by 12.5% during the first quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock worth $1,662,000 after acquiring an additional 10,806 shares during the period. Susquehanna International Group LLP acquired a new position in Global X Hydrogen ETF in the third quarter valued at approximately $257,000. Biltmore Family Office LLC purchased a new stake in Global X Hydrogen ETF in the 3rd quarter worth approximately $207,000. Finally, Smithfield Trust Co acquired a new stake in shares of Global X Hydrogen ETF during the 2nd quarter worth approximately $44,000.

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.