Short Interest in Global X Hydrogen ETF (NASDAQ:HYDR) Declines By 65.4%

Global X Hydrogen ETF (NASDAQ:HYDR) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 86,140 shares, a decline of 65.4% from the April 15th total of 248,903 shares. Approximately 4.4% of the shares of the stock are sold short. Based on an average daily volume of 74,460 shares, the short-interest ratio is currently 1.2 days.

Global X Hydrogen ETF Price Performance

Shares of NASDAQ HYDR traded down $2.41 during trading on Friday, hitting $65.36. 106,486 shares of the company were exchanged, compared to its average volume of 44,457. The company has a market cap of $127.45 million, a price-to-earnings ratio of -27.78 and a beta of 2.32. Global X Hydrogen ETF has a 1 year low of $17.50 and a 1 year high of $68.00. The firm’s fifty day moving average price is $46.06 and its 200 day moving average price is $40.77.

Institutional Investors Weigh In On Global X Hydrogen ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Simplex Trading LLC boosted its position in shares of 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 buying an additional 1,885 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Global X Hydrogen ETF by 86.0% in the 4th quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after buying an additional 2,643 shares in the last quarter. Biltmore Family Office LLC purchased a new stake in shares of Global X Hydrogen ETF in the 3rd quarter worth about $207,000. Susquehanna International Group LLP purchased a new stake in shares of Global X Hydrogen ETF in the 3rd quarter worth about $257,000. Finally, Jane Street Group LLC boosted its position in shares of Global X Hydrogen ETF by 185.4% in the 4th quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock worth $565,000 after buying an additional 11,553 shares in the last quarter.

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.