NLLSF - Hydrogen ETFs surge double digits as HYDR & HDRO are +10%

Hydrogen-based exchange traded funds surged Monday morning, with Global X Hydrogen ETF (NASDAQ:HYDR) and ETF Series Solutions Trust – Defiance Next Gen H2 ETF (NYSEARCA:HDRO) rising double digits. Intraday, HYDR was +10.6%, and HDRO was +10.1%. Both funds have seen a topside push as investors bet on a shift away from Russian energy dependence as key holdings in both funds spike on the day. Plug Power Inc (NASDAQ:PLUG), Ballard Power Systems (NASDAQ:BLDP), and NEL ASA (OTCPK:NLLSF) each fall inside the top five holdings of HYDR and HDRO. HYDR has a weighting in PLUG at 12.08%, BLDP at 11.38%, and NLLSF at 5.33%. HDRO on the other hand has a weighted holding in PLUG at 8.57%, BLDP at 5.97%, and NLLSF at 5.43% On the day PLUG is +11.2%, BLDP +14.1%, and NLLSF +12.4%. Both HYDR and HDRO are similar in nature as they both provide exposure to businesses that stand to benefit from the advancement of the

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Hydrogen ETFs surge double digits as HYDR & HDRO are +10%