Global X Hydrogen ETF (NASDAQ:HYDR) Sees Large Growth in Short Interest

Global X Hydrogen ETF (NASDAQ:HYDR) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 84,388 shares, an increase of 128.6% from the July 30th total of 36,916 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average trading volume of 35,500 shares, the short-interest ratio is currently 2.4 days.

Institutional Investors Weigh In On Global X Hydrogen ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYDR. Carlson Financial Inc. raised its holdings in Global X Hydrogen ETF by 8.2% during the 2nd quarter. Carlson Financial Inc. now owns 24,616 shares of the company’s stock valued at $1,307,000 after acquiring an additional 1,858 shares during the period. Simplex Trading LLC raised its holdings 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 valued at $63,000 after acquiring an additional 1,885 shares in the last quarter. Osaic Holdings Inc. raised its stake 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 valued at $182,000 after purchasing an additional 2,643 shares in the last quarter. LPL Financial LLC raised its position in shares of 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. Finally, Susquehanna International Group LLP purchased a new stake in Global X Hydrogen ETF during the third quarter valued at about $257,000.

Global X Hydrogen ETF Trading Down 1.7%

Shares of HYDR traded down $0.75 on Friday, reaching $43.40. 21,170 shares of the company’s stock traded hands, compared to its average volume of 59,762. The stock has a market cap of $98.95 million, a PE ratio of -27.78 and a beta of 2.41. The stock’s 50 day simple moving average is $45.23 and its two-hundred day simple moving average is $47.69. Global X Hydrogen ETF has a 52-week low of $25.00 and a 52-week high of $74.80.

Global X Hydrogen ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued 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.