Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Sees Large Decrease in Short Interest

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 16,666 shares, a decrease of 76.6% from the April 15th total of 71,098 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 46,672 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Global X Autonomous & Electric Vehicles ETF

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position 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 acquiring an additional 1,845 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the fourth quarter worth $80,000. Ameriprise Financial Inc. purchased a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the third quarter worth $230,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Global X Autonomous & Electric Vehicles ETF by 261.2% during the first 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 in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Stock Down 3.3%

NASDAQ DRIV traded down $1.34 during trading hours on Friday, reaching $39.31. 61,949 shares of the company were exchanged, compared to its average volume of 58,837. Global X Autonomous & Electric Vehicles ETF has a 1 year low of $21.66 and a 1 year high of $40.90. The business’s 50 day simple moving average is $33.53 and its 200-day simple moving average is $31.88. The stock has a market capitalization of $422.19 million, a P/E ratio of -140.39 and a beta of 1.43.

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.