Short Interest in Global X Hydrogen ETF (NASDAQ:HYDR) Declines By 15.3%

Posted by Mark Dietrich on Sep 16th, 2024

Global X Hydrogen ETF (NASDAQ:HYDR – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 15,500 shares, a decline of 15.3% from the August 15th total of 18,300 shares. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is currently 0.7 days.

Global X Hydrogen ETF Trading Down 1.2 %

Shares of HYDR stock traded down $0.28 during midday trading on Monday, reaching $23.54. 6,480 shares of the stock were exchanged, compared to its average volume of 19,220. Global X Hydrogen ETF has a 1 year low of $22.29 and a 1 year high of $41.50. The firm has a market cap of $37.43 million, a PE ratio of -27.78 and a beta of 1.76. The company’s 50 day moving average is $25.42 and its two-hundred day moving average is $27.34.

Institutional Investors Weigh In On Global X Hydrogen ETF

An institutional investor recently bought a new position in Global X Hydrogen ETF stock. Biltmore Family Office LLC bought a new position in Global X Hydrogen ETF (NASDAQ:HYDR – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $141,000. Biltmore Family Office LLC owned about 0.35% of Global X Hydrogen ETF at the end of the most recent quarter.