Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Short Interest Update

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 160,585 shares, a decline of 33.4% from the May 14th total of 240,981 shares. Based on an average daily trading volume, of 70,960 shares, the short-interest ratio is presently 2.3 days. Approximately 1.5% of the shares of the company are short sold.

Global X Autonomous & Electric Vehicles ETF Stock Down 1.2%

Shares of NASDAQ DRIV opened at $39.17 on Thursday. Global X Autonomous & Electric Vehicles ETF has a twelve month low of $22.14 and a twelve month high of $42.76. The stock’s 50 day moving average price is $38.12 and its 200-day moving average price is $33.67. The company has a market capitalization of $420.69 million, a PE ratio of -139.89 and a beta of 1.45.

Hedge Funds Weigh In On Global X Autonomous & Electric Vehicles ETF

Institutional investors have recently bought and sold shares of the company. Strive Financial Group LLC purchased a new position in Global X Autonomous & Electric Vehicles ETF in the fourth quarter valued at approximately $80,000. Jones Financial Companies Lllp lifted its stake in Global X Autonomous & Electric Vehicles ETF by 261.2% in the first quarter. Jones Financial Companies Lllp now owns 13,107 shares of the technology company’s stock valued at $277,000 after purchasing an additional 9,478 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Global X Autonomous & Electric Vehicles ETF in the third quarter valued at approximately $230,000. Finally, Farther Finance Advisors LLC lifted its stake in Global X Autonomous & Electric Vehicles ETF by 802.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the technology company’s stock valued at $61,000 after purchasing an additional 1,845 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Company Profile

The Global X Autonomous & Electric Vehicles ETF (DRIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that uses artificial intelligence to select global stocks involved in the development, production, or supporting technology of autonomous and electronic vehicles. DRIV was launched on Apr 13, 2018 and is issued by Global X.