Direxion Hydrogen ETF (NYSEARCA:HJEN) Trading Down 1.5%

Direxion Hydrogen ETF (NYSEARCA:HJEN)’s stock price dropped 1.5% on Wednesday . The stock traded as low as $10.23 and last traded at $10.32. Approximately 8,266 shares were traded during trading, a decline of 47% from the average daily volume of 15,532 shares. The stock had previously closed at $10.47.

Direxion Hydrogen ETF Trading Down 1.5 %

The stock has a market capitalization of $20.12 million, a PE ratio of 11.11 and a beta of 1.28. The firm’s fifty day moving average price is $10.86 and its two-hundred day moving average price is $11.26.

Hedge Funds Weigh In On Direxion Hydrogen ETF

Several institutional investors have recently made changes to their positions in HJEN. Bank of America Corp DE increased its holdings in shares of Direxion Hydrogen ETF by 69.9% during the 4th quarter. Bank of America Corp DE now owns 3,086 shares of the company’s stock valued at $42,000 after purchasing an additional 1,270 shares in the last quarter. Royal Bank of Canada increased its holdings in Direxion Hydrogen ETF by 30.1% in the 4th quarter. Royal Bank of Canada now owns 7,806 shares of the company’s stock worth $95,000 after acquiring an additional 1,806 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Direxion Hydrogen ETF by 1,389.0% in the 2nd quarter. Osaic Holdings Inc. now owns 87,522 shares of the company’s stock worth $105,000 after acquiring an additional 81,644 shares in the last quarter. Jane Street Group LLC purchased a new stake in Direxion Hydrogen ETF in the 4th quarter worth $348,000. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Hydrogen ETF in the 1st quarter worth $567,000.

About Direxion Hydrogen ETF

The Direxion Hydrogen ETF (HJEN) is an exchange-traded fund that is based on the Indxx Hydrogen Economy index, a modified market-cap-weighted index of global companies involved in businesses related to the hydrogen industry. HJEN was launched on Mar 25, 2021 and is managed by Direxion.