Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) was the target of some unusual options trading on Wednesday. Stock investors acquired 5,209 call options on the company. This represents an increase of approximately 1,134% compared to the average volume of 422 call options.
Hyliion Trading Down 2.4%
Shares of HYLN stock opened at $1.23 on Thursday. The company has a market capitalization of $215.03 million, a price-to-earnings ratio of -3.32 and a beta of 2.76. Hyliion has a 1-year low of $1.17 and a 1-year high of $4.10. The stock’s fifty day simple moving average is $1.48 and its 200-day simple moving average is $2.14.
Hedge Funds Weigh In On Hyliion
Institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its stake in shares of Hyliion by 1,184.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 371,463 shares of the company’s stock worth $970,000 after purchasing an additional 342,546 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Hyliion by 405.6% in the fourth quarter. JPMorgan Chase & Co. now owns 321,008 shares of the company’s stock worth $838,000 after purchasing an additional 257,514 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Hyliion by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,065,720 shares of the company’s stock worth $2,782,000 after purchasing an additional 8,326 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hyliion by 628.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 513,927 shares of the company’s stock worth $1,335,000 after purchasing an additional 443,412 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Hyliion by 49.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,290,566 shares of the company’s stock worth $3,368,000 after purchasing an additional 424,866 shares during the period. 22.81% of the stock is currently owned by institutional investors.
About Hyliion
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