Global X Hydrogen ETF (NASDAQ:HYDR) Short Interest Down 15.3% in August

Posted by Jessica Moore on Sep 16th, 2024

Global X Hydrogen ETF (NASDAQ:HYDR – Get Free Report) was the target of a significant decline in short interest during the month of 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 daily trading volume, of 22,400 shares, the short-interest ratio is presently 0.7 days.

Global X Hydrogen ETF Stock Down 1.2 %

Shares of NASDAQ HYDR traded down $0.28 during midday trading on Monday, hitting $23.54. The stock had a trading volume of 6,480 shares, compared to its average volume of 19,220. The business’s 50 day moving average is $25.42 and its 200-day moving average is $27.34. Global X Hydrogen ETF has a 52 week low of $22.29 and a 52 week high of $41.50. The company has a market cap of $37.43 million, a P/E ratio of -27.78 and a beta of 1.76.

Hedge Funds Weigh In On Global X Hydrogen ETF

An institutional investor recently bought a new position in Global X Hydrogen ETF stock. Principal Securities Inc. bought a new position in Global X Hydrogen ETF (NASDAQ:HYDR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,523 shares of the company’s stock, valued at approximately $80,000. Principal Securities Inc. owned approximately 0.19% of Global X Hydrogen ETF at the end of the most recent quarter.