Global X Hydrogen ETF (NASDAQ:HYDR) Trading Down 0.7% – Here’s Why

Global X Hydrogen ETF (NASDAQ:HYDR) shares traded down 0.7% during mid-day trading on Monday . The stock traded as low as $33.20 and last traded at $33.58. 12,178 shares traded hands during trading, a decline of 51% from the average session volume of 24,669 shares. The stock had previously closed at $33.82.

Global X Hydrogen ETF Stock Performance

The stock’s fifty day moving average is $38.49 and its two-hundred day moving average is $31.83. The firm has a market cap of $59.10 million, a price-to-earnings ratio of -27.78 and a beta of 1.97.

Institutional Investors Weigh In On Global X Hydrogen ETF

Hedge funds have recently made changes to their positions in the business. Smithfield Trust Co acquired a new position in shares of Global X Hydrogen ETF during the second quarter worth approximately $44,000. Biltmore Family Office LLC bought a new stake in Global X Hydrogen ETF during the 3rd quarter valued at $207,000. Susquehanna International Group LLP acquired a new position in Global X Hydrogen ETF during the 3rd quarter worth $257,000. Finally, Jane Street Group LLC boosted its position in Global X Hydrogen ETF by 12.5% during the 1st quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock worth $1,662,000 after acquiring an additional 10,806 shares during the period.

Global X Hydrogen ETF Company Profile

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.