Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Stock Short Interest Report for September

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 14,660 shares, a decline of 51.6% from the September 15th total of 30,295 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 49,136 shares, the short-interest ratio is currently 0.3 days.

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

Several hedge funds have recently modified their holdings of DRIV. Adirondack Trust Co. bought a new stake in Global X Autonomous & Electric Vehicles ETF during the third quarter worth approximately $42,000. First Bancorp Inc ME acquired a new position in shares of Global X Autonomous & Electric Vehicles ETF in the second quarter worth $77,000. Finally, CX Institutional lifted its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 15.1% during the 3rd quarter. CX Institutional now owns 99,913 shares of the technology company’s stock valued at $3,309,000 after buying an additional 13,112 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Global X Autonomous & Electric Vehicles ETF Stock Performance

Shares of NASDAQ:DRIV traded down $0.63 on Friday, hitting $30.49. The company’s stock had a trading volume of 37,623 shares, compared to its average volume of 55,605. The company has a market capitalization of $331.76 million, a price-to-earnings ratio of -108.90 and a beta of 1.49. The stock’s 50-day moving average is $34.02 and its two-hundred day moving average is $35.80. Global X Autonomous & Electric Vehicles ETF has a 12 month low of $27.05 and a 12 month high of $42.76.

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.