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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 6,968 shares, an increase of 70.2% from the August 15th total of 4,095 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 23,557 shares, the short-interest ratio is currently 0.3 days.

Global X Autonomous & Electric Vehicles ETF Price Performance

DRIV stock traded down $0.23 during midday trading on Friday, hitting $33.62. The stock had a trading volume of 4,548 shares, compared to its average volume of 56,968. The company’s 50-day moving average price is $34.52 and its 200 day moving average price is $35.45. Global X Autonomous & Electric Vehicles ETF has a 12-month low of $27.05 and a 12-month high of $42.76. The firm has a market cap of $413.13 million, a PE ratio of -120.05 and a beta of 1.47.

Global X Autonomous & Electric Vehicles ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were given a dividend of $0.0737 per share. This represents a yield of 39.0%. The ex-dividend date of this dividend was Monday, June 29th. Global X Autonomous & Electric Vehicles ETF’s payout ratio is -75.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Autonomous & Electric Vehicles ETF stock. First Bancorp Inc ME purchased a new stake in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the technology company’s stock, valued at approximately $77,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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.