Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Up 39.6% in January

Global X Hydrogen ETF (NASDAQ:HYDR) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 9,435 shares, an increase of 39.6% from the December 31st total of 6,759 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 19,747 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 19,747 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Global X Hydrogen ETF

Several institutional investors and hedge funds have recently bought and sold shares of HYDR. Smithfield Trust Co bought a new position in Global X Hydrogen ETF in the 2nd quarter worth about $44,000. Biltmore Family Office LLC bought a new position in Global X Hydrogen ETF in the 3rd quarter worth approximately $207,000. Susquehanna International Group LLP bought a new stake in Global X Hydrogen ETF during the 3rd quarter valued at $257,000. Finally, Jane Street Group LLC raised its stake in Global X Hydrogen ETF by 12.5% during the 1st quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock valued at $1,662,000 after acquiring an additional 10,806 shares in the last quarter.

Global X Hydrogen ETF Trading Down 3.7%

Shares of NASDAQ HYDR traded down $1.46 during midday trading on Friday, reaching $37.75. 42,247 shares of the stock were exchanged, compared to its average volume of 25,967. The stock has a 50 day moving average price of $36.22 and a 200-day moving average price of $34.14. The company has a market capitalization of $59.27 million, a P/E ratio of -27.78 and a beta of 1.97. Global X Hydrogen ETF has a 52-week low of $14.94 and a 52-week high of $47.88.

Global X Hydrogen ETF Announces Dividend

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

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.