Global X Hydrogen ETF (NASDAQ:HYDR) Trading Down 2.2% – Should You Sell?

Global X Hydrogen ETF (NASDAQ:HYDR)’s share price was down 2.2% on Monday . The company traded as low as $41.28 and last traded at $41.47. Approximately 17,185 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 62,283 shares. The stock had previously closed at $42.39.

Global X Hydrogen ETF Stock Performance

The company has a 50 day moving average of $56.50 and a two-hundred day moving average of $46.67. The stock has a market capitalization of $85.53 million, a PE ratio of -27.78 and a beta of 2.39.

Global X Hydrogen ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a dividend of $0.3691 per share. The ex-dividend date was Monday, June 29th.

Hedge Funds Weigh In On Global X Hydrogen ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its position in Global X Hydrogen ETF by 12.5% during the 1st quarter. Jane Street Group LLC now owns 97,515 shares of the company’s stock worth $1,662,000 after purchasing an additional 10,806 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Global X Hydrogen ETF by 37.7% in the fourth quarter. LPL Financial LLC now owns 21,352 shares of the company’s stock worth $679,000 after buying an additional 5,850 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Global X Hydrogen ETF during the third quarter worth $257,000. Osaic Holdings Inc. lifted its stake in shares of Global X Hydrogen ETF by 86.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock worth $182,000 after buying an additional 2,643 shares during the period. Finally, Simplex Trading LLC grew its holdings in shares of Global X Hydrogen ETF by 2,048.9% during the fourth 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 during the last quarter.

Global X Hydrogen ETF Company Profile

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.