Global X Hydrogen ETF (NASDAQ:HYDR – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 17,052 shares, a decrease of 80.1% from the October 15th total of 85,496 shares. Based on an average daily volume of 40,289 shares, the short-interest ratio is currently 0.4 days. Currently, 0.8% of the shares of the stock are sold short.
Global X Hydrogen ETF Price Performance
HYDR stock traded down $1.02 during trading on Friday, hitting $32.97. The stock had a trading volume of 8,134 shares, compared to its average volume of 53,689. Global X Hydrogen ETF has a twelve month low of $31.69 and a twelve month high of $74.80. The stock has a market capitalization of $64.94 million, a P/E ratio of 36.02 and a beta of 2.42. The company’s 50-day moving average price is $40.40 and its two-hundred day moving average price is $45.28.
Hedge Funds Weigh In On Global X Hydrogen ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC purchased a new stake in shares of Global X Hydrogen ETF during the third quarter worth approximately $141,000. Citadel Advisors LLC purchased a new position in Global X Hydrogen ETF in the 2nd quarter valued at $432,000. Commonwealth Equity Services LLC purchased a new position in Global X Hydrogen ETF in the 3rd quarter valued at $515,000. Finally, Carlson Financial Inc. boosted its stake 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 worth $1,307,000 after purchasing an additional 1,858 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.
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