Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Up 234.1% in July

Global X Hydrogen ETF (NASDAQ:HYDR) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 59,556 shares, an increase of 234.1% from the June 30th total of 17,826 shares. Based on an average daily volume of 42,246 shares, the short-interest ratio is presently 1.4 days. Currently, 3.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X Hydrogen ETF

Several hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in shares of 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 purchasing an additional 11,553 shares during the period. Susquehanna International Group LLP bought a new position in Global X Hydrogen ETF in the 3rd quarter worth about $257,000. LPL Financial LLC grew its holdings in Global X Hydrogen ETF by 37.7% during 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 in the last quarter. Osaic Holdings Inc. grew its holdings in Global X Hydrogen ETF by 86.0% during the 4th quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock valued at $182,000 after buying an additional 2,643 shares in the last quarter. Finally, Simplex Trading LLC increased 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 valued at $63,000 after buying an additional 1,885 shares during the period.

Global X Hydrogen ETF Stock Down 4.3%

HYDR traded down $1.92 on Friday, hitting $42.30. The company’s stock had a trading volume of 187,461 shares, compared to its average volume of 62,524. The company’s 50 day simple moving average is $55.10 and its 200-day simple moving average is $46.87. The firm has a market cap of $87.56 million, a P/E ratio of -27.78 and a beta of 2.39. Global X Hydrogen ETF has a 12 month low of $22.67 and a 12 month high of $74.80.

Global X Hydrogen ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were given a dividend of $0.3691 per share. 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.