Shares of Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) rose 13.7% during mid-day trading on Friday . The stock traded as high as $4.09 and last traded at $4.1960. Approximately 2,031,222 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 1,110,377 shares. The stock had previously closed at $3.69.
Hyliion Trading Up 24.0%
The company has a market capitalization of $813.67 million, a PE ratio of -12.37 and a beta of 2.59. The business has a fifty day moving average of $2.02 and a 200 day moving average of $2.00.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its position in Hyliion by 76.3% in the 4th quarter. Invesco Ltd. now owns 6,253,598 shares of the company’s stock valued at $11,507,000 after buying an additional 2,706,803 shares during the period. HITE Hedge Asset Management LLC increased its position in shares of Hyliion by 121.9% during the fourth quarter. HITE Hedge Asset Management LLC now owns 2,827,742 shares of the company’s stock worth $5,203,000 after acquiring an additional 1,553,626 shares during the period. Millennium Management LLC raised its stake in shares of Hyliion by 27.4% in the first quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock valued at $8,814,000 after acquiring an additional 1,355,951 shares in the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Hyliion in the fourth quarter valued at $1,586,000. Finally, Marshall Wace LLP purchased a new position in Hyliion in the second quarter valued at $386,000. Institutional investors and hedge funds own 22.81% of the company’s stock.
About Hyliion
Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.
Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.
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