Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Up 234.1% in July

Global X Hydrogen ETF (NASDAQ:HYDR) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 59,556 shares, a growth of 234.1% from the June 30th total of 17,826 shares. Based on an average trading volume of 42,246 shares, the short-interest ratio is presently 1.4 days. Approximately 3.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Simplex Trading LLC grew its stake in shares of 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. Osaic Holdings Inc. lifted its holdings in Global X Hydrogen ETF by 86.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock valued at $182,000 after purchasing an additional 2,643 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Global X Hydrogen ETF during the third quarter valued at about $257,000. Jane Street Group LLC boosted its position in Global X Hydrogen ETF by 185.4% during the fourth quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock worth $565,000 after purchasing an additional 11,553 shares during the period. Finally, LPL Financial LLC boosted its position in Global X Hydrogen ETF by 37.7% during the fourth 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.

Global X Hydrogen ETF Trading Down 4.3%

Shares of NASDAQ:HYDR traded down $1.92 during mid-day trading on Friday, reaching $42.30. The company had a trading volume of 187,461 shares, compared to its average volume of 62,524. The firm has a market cap of $87.56 million, a price-to-earnings ratio of -27.78 and a beta of 2.39. The company’s 50-day moving average price is $55.10 and its 200-day moving average price is $46.87. Global X Hydrogen ETF has a one year low of $22.67 and a one year high of $74.80.

Global X Hydrogen ETF Announces Dividend

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

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.