Global X Hydrogen ETF (NASDAQ:HYDR) Trading Down 0.1% – What’s Next?

Global X Hydrogen ETF (NASDAQ:HYDR)’s stock price was down 0.1% on Monday . The company traded as low as $56.17 and last traded at $56.73. 63,669 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 63,959 shares. The stock had previously closed at $56.80.

Global X Hydrogen ETF Stock Performance

The company has a market capitalization of $110.62 million, a P/E ratio of -27.78 and a beta of 2.35. The company’s fifty day simple moving average is $58.75 and its 200-day simple moving average is $44.76.

Hedge Funds Weigh In On Global X Hydrogen ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Simplex Trading LLC increased 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 valued at $63,000 after acquiring an additional 1,885 shares during the period. Osaic Holdings Inc. lifted its stake in shares of 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 purchasing an additional 2,643 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Global X Hydrogen ETF by 37.7% during the 4th 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 last quarter. Susquehanna International Group LLP bought a new stake in Global X Hydrogen ETF during the third quarter valued at about $257,000. Finally, Jane Street Group LLC boosted its position in Global X Hydrogen ETF by 12.5% during the first quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock valued at $1,662,000 after purchasing an additional 10,806 shares in the last quarter.

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.