Short Interest in Global X Hydrogen ETF (NASDAQ:HYDR) Decreases By 28.5%

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 5,760 shares, a drop of 28.5% from the February 12th total of 8,058 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 15,348 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 15,348 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

Global X Hydrogen ETF Trading Down 1.4%

NASDAQ HYDR traded down $0.56 during trading on Friday, reaching $39.16. The company’s stock had a trading volume of 17,678 shares, compared to its average volume of 23,418. The stock has a market capitalization of $63.05 million, a PE ratio of -27.78 and a beta of 1.97. Global X Hydrogen ETF has a 1-year low of $14.94 and a 1-year high of $47.88. The business has a 50-day moving average price of $38.13 and a 200-day moving average price of $36.99.

Global X Hydrogen ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a $0.9498 dividend. 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

Hedge funds have recently bought and sold shares of the business. Smithfield Trust Co acquired a new position in Global X Hydrogen ETF during the second quarter worth $44,000. Simplex Trading LLC lifted its position in shares of Global X Hydrogen ETF by 2,048.9% in the fourth quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock worth $63,000 after buying an additional 1,885 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Global X Hydrogen ETF by 86.0% during the 4th quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after acquiring an additional 2,643 shares in the last quarter. Biltmore Family Office LLC bought a new stake in shares of Global X Hydrogen ETF during the 3rd quarter worth about $207,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Global X Hydrogen ETF during the 3rd quarter valued at about $257,000.

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.