Global X Hydrogen ETF (NASDAQ:HYDR) Trading Down 2.2% – Should You Sell?

Global X Hydrogen ETF (NASDAQ:HYDR)’s stock price was down 2.2% on Monday . The company traded as low as $41.28 and last traded at $41.47. 17,185 shares were traded during trading, a decline of 72% from the average daily volume of 62,283 shares. The stock had previously closed at $42.39.

Global X Hydrogen ETF Stock Down 2.2%

The firm’s 50 day moving average is $56.91 and its two-hundred day moving average is $46.58. The stock has a market cap of $80.87 million, a price-to-earnings ratio of -27.78 and a beta of 2.39.

Global X Hydrogen ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a dividend of $0.3691 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X Hydrogen ETF

Several hedge funds have recently made changes to their positions in HYDR. Simplex Trading LLC lifted its holdings in shares of Global X Hydrogen ETF by 2,048.9% in the 4th quarter. Simplex Trading LLC now owns 1,977 shares of the company’s stock worth $63,000 after purchasing an additional 1,885 shares during the last quarter. Osaic Holdings Inc. grew 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 buying an additional 2,643 shares during the last quarter. Susquehanna International Group LLP bought a new position in Global X Hydrogen ETF during the 3rd quarter worth $257,000. Jane Street Group LLC increased its position 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 worth $565,000 after buying an additional 11,553 shares during the period. Finally, LPL Financial LLC increased its position in Global X Hydrogen ETF by 37.7% in the fourth quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock worth $679,000 after buying an additional 5,850 shares during the period.

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.