Global X Hydrogen ETF (NASDAQ:HYDR) Sees Significant Increase in Short Interest

Global X Hydrogen ETF (NASDAQ:HYDR) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 24,540 shares, an increase of 326.0% from the February 26th total of 5,760 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 28,058 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 28,058 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.5% of the company’s shares are short sold.

Global X Hydrogen ETF Stock Down 2.5%

Global X Hydrogen ETF stock opened at $37.34 on Wednesday. Global X Hydrogen ETF has a 12-month low of $14.94 and a 12-month high of $47.88. The stock has a market cap of $60.12 million, a price-to-earnings ratio of -27.78 and a beta of 1.97. The business’s 50-day simple moving average is $38.56 and its 200 day simple moving average is $37.71.

Global X Hydrogen ETF Announces Dividend

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

Institutional Investors Weigh In On Global X Hydrogen ETF

Institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC boosted 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 worth $63,000 after buying an additional 1,885 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Global X Hydrogen ETF by 86.0% during the 4th quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after acquiring an additional 2,643 shares during the last quarter. Biltmore Family Office LLC bought a new position in Global X Hydrogen ETF during the 3rd quarter worth approximately $207,000. Susquehanna International Group LLP acquired a new position in Global X Hydrogen ETF during the third quarter valued at approximately $257,000. Finally, Jane Street Group LLC increased its stake in Global X Hydrogen ETF by 185.4% in the fourth quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock valued at $565,000 after purchasing an additional 11,553 shares in the last quarter.

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.