Global X Hydrogen ETF (NASDAQ:HYDR) Sees Significant Decline in Short Interest

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 18,403 shares, a decrease of 78.2% from the August 15th total of 84,388 shares. Based on an average daily volume of 32,724 shares, the short-interest ratio is currently 0.6 days. Approximately 0.8% of the shares of the company are short sold.

Global X Hydrogen ETF Price Performance

Shares of NASDAQ HYDR traded up $0.94 during mid-day trading on Friday, hitting $44.94. The company had a trading volume of 9,180 shares, compared to its average volume of 60,452. The business’s 50-day simple moving average is $43.67 and its 200-day simple moving average is $48.12. The firm has a market cap of $102.46 million, a P/E ratio of -27.78 and a beta of 2.42. Global X Hydrogen ETF has a 12 month low of $28.27 and a 12 month high of $74.80.

Global X Hydrogen ETF Announces Dividend

The firm also recently declared a semiannual dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a dividend of $0.3691 per share. The ex-dividend date was Monday, June 29th. This represents a yield of 146.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in shares of 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 valued at $1,662,000 after purchasing an additional 10,806 shares in the last quarter. Susquehanna International Group LLP bought a new position in Global X Hydrogen ETF in the 3rd quarter worth approximately $257,000. LPL Financial LLC increased its stake in shares of Global X Hydrogen ETF by 37.7% in the 4th quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock valued at $679,000 after buying an additional 5,850 shares during the period. Simplex Trading LLC raised its position 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 acquiring an additional 1,885 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position 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 acquiring an additional 2,643 shares during the last quarter.

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.