Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Down 38.0% in July

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 36,916 shares, a drop of 38.0% from the July 15th total of 59,556 shares. Based on an average trading volume of 74,254 shares, the short-interest ratio is currently 0.5 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its holdings in Global X Hydrogen ETF by 12.5% in the 1st 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 in the last quarter. LPL Financial LLC grew its position in shares of Global X Hydrogen ETF by 37.7% in the fourth quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock valued at $679,000 after purchasing an additional 5,850 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Global X Hydrogen ETF in the third quarter valued at about $257,000. Osaic Holdings Inc. increased its stake in shares of Global X Hydrogen ETF by 86.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after purchasing an additional 2,643 shares in the last quarter. Finally, Simplex Trading LLC increased its stake in shares of Global X Hydrogen ETF by 2,048.9% during the fourth quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock worth $63,000 after purchasing an additional 1,885 shares in the last quarter.

Global X Hydrogen ETF Price Performance

NASDAQ HYDR traded down $2.51 during trading hours on Tuesday, reaching $42.81. The company’s stock had a trading volume of 20,801 shares, compared to its average volume of 60,916. The firm has a market capitalization of $97.61 million, a price-to-earnings ratio of -27.78 and a beta of 2.41. Global X Hydrogen ETF has a 1-year low of $24.14 and a 1-year high of $74.80. The company’s 50-day moving average is $47.35 and its two-hundred day moving average is $47.42.

Global X Hydrogen ETF Dividend Announcement

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

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.