Global X Hydrogen ETF (NASDAQ:HYDR) Trading 0.2% Higher – Should You Buy?

Global X Hydrogen ETF (NASDAQ:HYDR)’s share price shot up 0.2% during trading on Monday . The company traded as high as $45.91 and last traded at $45.32. 16,481 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 61,199 shares. The stock had previously closed at $45.22.

Global X Hydrogen ETF Trading Down 5.6%

The stock has a market cap of $97.58 million, a price-to-earnings ratio of -27.78 and a beta of 2.41. The stock’s 50 day moving average is $47.13 and its two-hundred day moving average is $47.43.

Global X Hydrogen ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a $0.3691 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Investors Weigh In On Global X Hydrogen ETF

Several hedge funds have recently made changes to their positions in HYDR. Osaic Holdings Inc. grew its holdings in shares of Global X Hydrogen ETF by 86.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after buying an additional 2,643 shares during the last quarter. Jane Street Group LLC raised 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 acquiring an additional 11,553 shares during the last quarter. Simplex Trading LLC lifted its position in Global X Hydrogen ETF by 2,048.9% during the 4th quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock worth $63,000 after acquiring an additional 1,885 shares during the period. LPL Financial LLC lifted its position 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 worth $679,000 after acquiring an additional 5,850 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of Global X Hydrogen ETF in the 3rd quarter valued at approximately $257,000.

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.