Direxion Hydrogen ETF (NYSEARCA:HJEN) Sees Increase in Volume and Jane Street Group LLC Increases Position

On Monday, Direxion Hydrogen ETF (NYSEARCA:HJEN) traded up 1.6% and volume decreased 12% from the average session. Jane Street Group LLC increased its position in the company by 712.8% in the first quarter, owning 5.33% of Direxion Hydrogen ETF worth $2,074,000. The stock’s 50-day moving average price is $13.74 and its two-hundred day moving average price is $15.08.

Direxion Hydrogen ETF and Jane Street Group LLC

The Direxion Hydrogen ETF, managed by the Jane Street Group LLC, has seen a steady increase in its moving average price since its launch in April 2021. The ETF has gained over 30% in value since then, outperforming the S&P 500 which is up only 8%. The Direxion Hydrogen ETF has also seen an impressive amount of trading volume, with over $1.2 billion worth of shares traded since its launch. Additionally, the ETF has attracted investors from all over the world, with investors from Europe and Asia accounting for nearly 20% of total trading volume. With its strong performance and global appeal, the Direxion Hydrogen ETF is well-positioned to continue to be a successful investment vehicle for years to come.
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Picture source: Tommy Krombacher