Short Interest in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Rises By 1,345.9%

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 240,981 shares, a growth of 1,345.9% from the April 30th total of 16,666 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily volume of 124,725 shares, the short-interest ratio is presently 1.9 days.

Global X Autonomous & Electric Vehicles ETF Stock Down 0.7%

Shares of NASDAQ:DRIV traded down $0.30 on Wednesday, reaching $41.36. 124,514 shares of the company’s stock were exchanged, compared to its average volume of 59,365. The firm has a market capitalization of $473.57 million, a price-to-earnings ratio of -147.71 and a beta of 1.43. Global X Autonomous & Electric Vehicles ETF has a fifty-two week low of $21.66 and a fifty-two week high of $41.74. The business’s 50-day moving average is $35.15 and its two-hundred day moving average is $32.49.

Institutional Trading of Global X Autonomous & Electric Vehicles ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 802.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the technology company’s stock worth $61,000 after purchasing an additional 1,845 shares during the period. Strive Financial Group LLC acquired a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the fourth quarter worth $80,000. Ameriprise Financial Inc. acquired a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the third quarter worth $230,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 261.2% in the 1st quarter. Jones Financial Companies Lllp now owns 13,107 shares of the technology company’s stock worth $277,000 after acquiring an additional 9,478 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

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.