Global X Hydrogen ETF (NASDAQ:HYDR) Sees Large Drop in Short Interest

Global X Hydrogen ETF (NASDAQ:HYDR) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 27,357 shares, a decrease of 68.2% from the April 30th total of 86,140 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 124,513 shares, the days-to-cover ratio is presently 0.2 days.

Global X Hydrogen ETF Stock Performance

Shares of NASDAQ:HYDR traded down $2.97 on Friday, hitting $70.37. 163,009 shares of the company’s stock were exchanged, compared to its average volume of 52,979. The firm’s 50-day moving average is $51.92 and its 200 day moving average is $42.45. The company has a market capitalization of $137.22 million, a PE ratio of -27.78 and a beta of 2.32. Global X Hydrogen ETF has a 1-year low of $18.10 and a 1-year high of $74.80.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Simplex Trading LLC boosted 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 buying an additional 1,885 shares in the last quarter. Osaic Holdings Inc. lifted its position 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 period. LPL Financial LLC lifted its position in 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 acquiring an additional 5,850 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Global X Hydrogen ETF in the 3rd quarter worth $257,000. Finally, Jane Street Group LLC lifted its stake in shares of Global X Hydrogen ETF by 12.5% in 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.

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.