Global X Hydrogen ETF (NASDAQ:HYDR) Stock Short Interest Report for October

Global X Hydrogen ETF (NASDAQ:HYDR) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 85,496 shares, an increase of 275.5% from the September 30th total of 22,768 shares. Based on an average daily volume of 27,952 shares, the days-to-cover ratio is presently 3.1 days. Approximately 4.0% of the shares of the stock are short sold.

Global X Hydrogen ETF Price Performance

Shares of HYDR traded down $1.10 during midday trading on Thursday, hitting $36.34. The stock had a trading volume of 9,841 shares, compared to its average volume of 54,956. Global X Hydrogen ETF has a twelve month low of $31.69 and a twelve month high of $74.80. The firm has a market cap of $80.31 million, a price-to-earnings ratio of -27.78 and a beta of 2.44. The company has a 50 day simple moving average of $42.28 and a two-hundred day simple moving average of $45.49.

Institutional Investors Weigh In On Global X Hydrogen ETF

Large investors have recently added to or reduced their stakes in the stock. Carlson Financial Inc. grew its stake in shares of Global X Hydrogen ETF by 8.2% during the second quarter. Carlson Financial Inc. now owns 24,616 shares of the company’s stock worth $1,307,000 after buying an additional 1,858 shares during the last quarter. Signaturefd LLC bought a new position in shares of Global X Hydrogen ETF in the 3rd quarter worth $141,000. Finally, Citadel Advisors LLC purchased a new position in Global X Hydrogen ETF during the second quarter worth about $432,000.

Global X Hydrogen ETF Company Profile

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.