Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Update

Global X Hydrogen ETF (NASDAQ:HYDR) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 27,357 shares, a decrease of 68.2% from the April 30th total of 86,140 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 124,513 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYDR. Jane Street Group LLC grew its stake in shares of Global X Hydrogen ETF by 185.4% in the 4th quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock valued at $565,000 after buying an additional 11,553 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Global X Hydrogen ETF during the 3rd quarter worth $257,000. LPL Financial LLC increased its stake 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 last quarter. Osaic Holdings Inc. boosted its holdings 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 worth $182,000 after purchasing an additional 2,643 shares in the last quarter. Finally, Simplex Trading LLC raised its holdings 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 buying an additional 1,885 shares in the last quarter.

Global X Hydrogen ETF Trading Down 4.0%

HYDR stock traded down $2.97 on Friday, hitting $70.37. 163,009 shares of the company’s stock traded hands, compared to its average volume of 52,979. The stock has a market cap of $137.22 million, a price-to-earnings ratio of -27.78 and a beta of 2.32. Global X Hydrogen ETF has a 1-year low of $18.10 and a 1-year high of $74.80. The stock has a fifty day moving average of $51.92 and a 200-day moving average of $42.47.

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.