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

Posted by Defense World Staff on Sep 18th, 2024

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

Global X Hydrogen ETF Stock Performance

NASDAQ:HYDR traded up $0.01 during mid-day trading on Wednesday, hitting $24.32. The company had a trading volume of 14,421 shares, compared to its average volume of 19,196. The firm has a market cap of $38.67 million, a P/E ratio of -27.78 and a beta of 1.76. The business’s fifty day moving average is $25.29 and its two-hundred day moving average is $27.29. Global X Hydrogen ETF has a fifty-two week low of $22.29 and a fifty-two week high of $41.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Hydrogen ETF stock. Biltmore Family Office LLC bought a new position in shares of Global X Hydrogen ETF (NASDAQ:HYDR – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $141,000. Biltmore Family Office LLC owned 0.35% of Global X Hydrogen ETF at the end of the most recent quarter.