Global X Hydrogen ETF (NASDAQ:HYDR) Shares Climb 2.9% – Time to Buy?

Shares of Global X Hydrogen ETF (NASDAQ:HYDR – Get Free Report) traded up 2.9% on Friday. The stock traded as high as $45.37 and last traded at $44.99. Approximately 9,797 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 57,162 shares. The stock had previously closed at $43.71.

Global X Hydrogen ETF Stock Performance

The company has a market capitalization of $98.98 million, a PE ratio of -27.78 and a beta of 2.44. The stock has a 50 day moving average price of $43.49 and a two-hundred day moving average price of $48.67.

Hedge Funds Weigh In On Global X Hydrogen ETF

A hedge fund recently bought a new position in Global X Hydrogen ETF stock. Citadel Advisors LLC acquired a new position in Global X Hydrogen ETF (NASDAQ:HYDR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,146 shares of the company’s stock, valued at approximately $432,000. Citadel Advisors LLC owned approximately 0.36% of Global X Hydrogen ETF at the end of the most recent quarter.

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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