Short Interest in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Declines By 73.0%

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 18,215 shares, a drop of 73.0% from the June 15th total of 67,433 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 52,975 shares, the short-interest ratio is presently 0.3 days.

Global X Autonomous & Electric Vehicles ETF Trading Down 0.1%

NASDAQ:DRIV traded down $0.04 during midday trading on Friday, reaching $36.54. The company had a trading volume of 74,162 shares, compared to its average volume of 63,903. Global X Autonomous & Electric Vehicles ETF has a 12-month low of $23.41 and a 12-month high of $42.76. The firm has a market capitalization of $414.36 million, a price-to-earnings ratio of -130.50 and a beta of 1.46. The stock’s fifty day simple moving average is $39.19 and its 200-day simple moving average is $34.62.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were given a $0.0737 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a yield of 39.0%. Global X Autonomous & Electric Vehicles ETF’s dividend payout ratio (DPR) is currently -75.00%.

Hedge Funds Weigh In On Global X Autonomous & Electric Vehicles ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake 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 buying an additional 1,845 shares during the period. Strive Financial Group LLC acquired a new stake in Global X Autonomous & Electric Vehicles ETF in the fourth quarter valued at approximately $80,000. Ameriprise Financial Inc. acquired a new stake in Global X Autonomous & Electric Vehicles ETF in the third quarter valued at approximately $230,000. Jones Financial Companies Lllp lifted its stake in Global X Autonomous & Electric Vehicles ETF by 261.2% in 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 during the last quarter. Finally, CX Institutional lifted its stake in Global X Autonomous & Electric Vehicles ETF by 0.7% in the second quarter. CX Institutional now owns 86,801 shares of the technology company’s stock worth $3,348,000 after acquiring an additional 613 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

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.