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

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

Institutional Investors Weigh In On Global X Hydrogen ETF

Several large investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC increased its holdings 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 valued at $63,000 after purchasing an additional 1,885 shares during the period. Osaic Holdings Inc. lifted its holdings in Global X Hydrogen ETF by 86.0% in 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 during the period. Biltmore Family Office LLC acquired a new stake in Global X Hydrogen ETF in the third quarter worth about $207,000. Susquehanna International Group LLP acquired a new stake in Global X Hydrogen ETF in the third quarter worth about $257,000. Finally, Jane Street Group LLC increased its stake in Global X Hydrogen ETF by 185.4% during the 4th quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock valued at $565,000 after buying an additional 11,553 shares during the period.

Global X Hydrogen ETF Stock Down 3.6%

NASDAQ HYDR traded down $2.41 during trading hours on Friday, hitting $65.36. The company had a trading volume of 106,486 shares, compared to its average volume of 44,457. Global X Hydrogen ETF has a fifty-two week low of $17.50 and a fifty-two week high of $68.00. The business has a fifty day simple moving average of $45.54 and a 200-day simple moving average of $40.60. The firm has a market cap of $127.45 million, a P/E ratio of -27.78 and a beta of 2.32.

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.