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

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

Institutional Trading of Global X Autonomous & Electric Vehicles ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Global X Autonomous & Electric Vehicles ETF by 802.2% during the 4th 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 in the last quarter. Strive Financial Group LLC bought a new stake in Global X Autonomous & Electric Vehicles ETF during the 4th quarter valued at about $80,000. Ameriprise Financial Inc. bought a new stake in Global X Autonomous & Electric Vehicles ETF during the 3rd quarter valued at about $230,000. Finally, Jones Financial Companies Lllp increased its stake in Global X Autonomous & Electric Vehicles ETF by 261.2% during the 1st 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 in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Global X Autonomous & Electric Vehicles ETF Stock Performance

NASDAQ:DRIV opened at $40.66 on Tuesday. The firm has a market cap of $436.69 million, a P/E ratio of -145.21 and a beta of 1.45. Global X Autonomous & Electric Vehicles ETF has a fifty-two week low of $22.14 and a fifty-two week high of $42.76. The firm has a 50-day simple moving average of $37.78 and a two-hundred day simple moving average of $33.53.

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.