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

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 14,471 shares, an increase of 53.4% from the January 15th total of 9,435 shares. Based on an average daily trading volume, of 31,760 shares, the short-interest ratio is currently 0.5 days. Approximately 0.9% of the company’s shares are short sold. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 31,760 shares, the short-interest ratio is currently 0.5 days.

Global X Hydrogen ETF Trading Up 2.0%

HYDR traded up $0.75 during midday trading on Friday, hitting $37.59. The company’s stock had a trading volume of 9,081 shares, compared to its average volume of 23,599. Global X Hydrogen ETF has a 52-week low of $14.94 and a 52-week high of $47.88. The firm has a 50-day moving average price of $36.35 and a two-hundred day moving average price of $34.96. The firm has a market cap of $60.52 million, a P/E ratio of -27.78 and a beta of 1.97.

Global X Hydrogen ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.9498 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 588.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYDR. Simplex Trading LLC grew its position in 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 acquiring an additional 1,885 shares during the period. Smithfield Trust Co acquired a new position in shares of Global X Hydrogen ETF in the 2nd quarter valued at about $44,000. LPL Financial LLC grew its holdings 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 worth $679,000 after purchasing an additional 5,850 shares during the period. Biltmore Family Office LLC purchased a new stake in shares of Global X Hydrogen ETF during the 3rd quarter worth about $207,000. Finally, Susquehanna International Group LLP acquired a new stake in Global X Hydrogen ETF during the 3rd quarter worth 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.