Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV – Get Free Report) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 60,021 shares, an increase of 447.4% from the October 15th total of 10,964 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 56,769 shares, the days-to-cover ratio is currently 1.1 days.
Global X Autonomous & Electric Vehicles ETF Stock Performance
NASDAQ DRIV traded down $0.64 during trading hours on Thursday, hitting $28.92. 24,712 shares of the company traded hands, compared to its average volume of 54,527. The business’s 50-day moving average is $31.88 and its 200-day moving average is $34.28. Global X Autonomous & Electric Vehicles ETF has a twelve month low of $27.05 and a twelve month high of $42.76. The stock has a market capitalization of $295.85 million, a price-to-earnings ratio of -103.29 and a beta of 1.51.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of DRIV. CX Institutional increased its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 15.1% during the third quarter. CX Institutional now owns 99,913 shares of the technology company’s stock worth $3,309,000 after purchasing an additional 13,112 shares during the period. First Bancorp Inc ME bought a new stake in shares of Global X Autonomous & Electric Vehicles ETF in the second quarter valued at approximately $77,000. Harbour Investments Inc. acquired a new stake in Global X Autonomous & Electric Vehicles ETF during the third quarter worth approximately $65,000. Finally, Adirondack Trust Co. acquired a new stake in Global X Autonomous & Electric Vehicles ETF during the third quarter worth approximately $42,000. 80.78% of the stock is owned by 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.
Further Reading
- Five stocks we like better than Global X Autonomous & Electric Vehicles ETF
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
Receive News & Ratings for Global X Autonomous & Electric Vehicles ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X Autonomous & Electric Vehicles ETF and related companies with MarketBeat.com's FREE daily email newsletter.
