Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock investors purchased 5,234 call options on the company. This represents an increase of approximately 623% compared to the average daily volume of 724 call options.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Millennium Management LLC grew its holdings in Hyliion by 27.4% during the first quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock valued at $8,814,000 after purchasing an additional 1,355,951 shares during the period. Invesco Ltd. grew its holdings in Hyliion by 76.3% during the fourth quarter. Invesco Ltd. now owns 6,253,598 shares of the company’s stock valued at $11,507,000 after purchasing an additional 2,706,803 shares during the period. State Street Corp grew its holdings in Hyliion by 0.8% during the fourth quarter. State Street Corp now owns 3,036,081 shares of the company’s stock valued at $5,586,000 after purchasing an additional 22,963 shares during the period. Geode Capital Management LLC grew its holdings in Hyliion by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 2,973,357 shares of the company’s stock valued at $5,472,000 after purchasing an additional 59,019 shares during the period. Finally, HITE Hedge Asset Management LLC grew its holdings in Hyliion by 121.9% during the fourth quarter. HITE Hedge Asset Management LLC now owns 2,827,742 shares of the company’s stock valued at $5,203,000 after purchasing an additional 1,553,626 shares during the period. Institutional investors and hedge funds own 22.81% of the company’s stock.
Hyliion Stock Up 26.4%
NYSE HYLN traded up $0.98 during trading on Friday, reaching $4.67. 9,567,784 shares of the stock traded hands, compared to its average volume of 1,198,990. The firm has a market cap of $829.50 million, a price-to-earnings ratio of -12.53 and a beta of 2.59. The stock’s 50-day moving average price is $2.02 and its 200 day moving average price is $2.00. Hyliion has a fifty-two week low of $1.11 and a fifty-two week high of $4.76.
Hyliion Company Profile
Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.
Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.
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