Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 14,660 shares, a drop of 51.6% from the September 15th total of 30,295 shares. Based on an average daily trading volume, of 49,136 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.
Global X Autonomous & Electric Vehicles ETF Stock Performance
Shares of NASDAQ DRIV traded down $0.07 during trading hours on Thursday, hitting $31.12. 71,562 shares of the stock were exchanged, compared to its average volume of 55,616. The company’s fifty day simple moving average is $34.09 and its two-hundred day simple moving average is $35.79. The company has a market cap of $338.59 million, a PE ratio of -111.14 and a beta of 1.49. Global X Autonomous & Electric Vehicles ETF has a 1-year low of $27.05 and a 1-year high of $42.76.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of DRIV. Adirondack Trust Co. acquired a new stake in Global X Autonomous & Electric Vehicles ETF during the 3rd quarter worth approximately $42,000. CX Institutional grew its position in shares of Global X Autonomous & Electric Vehicles ETF by 15.1% in the 3rd quarter. CX Institutional now owns 99,913 shares of the technology company’s stock valued at $3,309,000 after buying an additional 13,112 shares during the last quarter. Finally, First Bancorp Inc ME bought a new position in shares of Global X Autonomous & Electric Vehicles ETF during the second quarter worth about $77,000. 80.78% of the stock is currently owned by institutional investors.
About Global X Autonomous & Electric Vehicles ETF
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.
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