Global X Hydrogen ETF (NASDAQ:HYDR) Shares Down 0.7% – Should You Sell?

by · The Cerbat Gem

Shares of Global X Hydrogen ETF (NASDAQ:HYDR – Get Free Report) traded down 0.7% during mid-day trading on Monday . The company traded as low as $33.20 and last traded at $33.58. 12,178 shares traded hands during trading, a decline of 51% from the average session volume of 24,669 shares. The stock had previously closed at $33.82.

Global X Hydrogen ETF Stock Performance

The company has a 50 day moving average of $38.18 and a two-hundred day moving average of $31.91. The stock has a market capitalization of $55.93 million, a PE ratio of -27.78 and a beta of 1.97.

Global X Hydrogen ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th will be paid a $0.9498 dividend. This represents a dividend yield of 588.0%. The ex-dividend date is Tuesday, December 30th.

Institutional Investors Weigh In On Global X Hydrogen ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in shares of 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 period. Susquehanna International Group LLP purchased a new stake in Global X Hydrogen ETF during the third quarter worth $257,000. Biltmore Family Office LLC acquired a new stake in Global X Hydrogen ETF during the third quarter valued at $207,000. Finally, Smithfield Trust Co purchased a new position in Global X Hydrogen ETF in the second quarter valued at $44,000.

About Global X Hydrogen ETF

(Get Free Report)

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.

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