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

Global X Hydrogen ETF (NASDAQ:HYDR)’s stock price fell 2.2% during trading on Monday . The company traded as low as $41.28 and last traded at $41.47. 17,185 shares traded hands 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 Price Performance

The stock has a market capitalization of $80.87 million, a P/E ratio of -27.78 and a beta of 2.39. The company has a fifty day moving average of $56.91 and a two-hundred day moving average of $46.58.

Global X Hydrogen ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a $0.3691 dividend. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On Global X Hydrogen ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Simplex Trading LLC lifted its stake in 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 worth $63,000 after purchasing an additional 1,885 shares during the last quarter. Osaic Holdings Inc. increased its stake in Global X Hydrogen ETF by 86.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,718 shares of the company’s stock valued at $182,000 after purchasing an additional 2,643 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. Jane Street Group LLC raised its holdings in shares of Global X Hydrogen ETF by 185.4% during the fourth quarter. Jane Street Group LLC now owns 17,786 shares of the company’s stock worth $565,000 after purchasing an additional 11,553 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Global X Hydrogen ETF by 37.7% in the 4th 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.

About Global X Hydrogen ETF

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.