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

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

Institutional Trading of Global X Autonomous & Electric Vehicles ETF

A number of large investors have recently made changes to their positions in DRIV. Jones Financial Companies Lllp grew its stake in shares of 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 period. Ameriprise Financial Inc. bought a new stake in shares of Global X Autonomous & Electric Vehicles ETF in the third quarter worth approximately $230,000. Strive Financial Group LLC bought a new stake in shares of Global X Autonomous & Electric Vehicles ETF in the fourth quarter worth approximately $80,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Global X Autonomous & Electric Vehicles ETF by 802.2% in 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 during the period. 80.78% of the stock is currently owned by institutional investors.

Global X Autonomous & Electric Vehicles ETF Stock Up 2.3%

Shares of DRIV stock opened at $40.66 on Tuesday. The company has a 50 day moving average price of $37.78 and a 200-day moving average price of $33.53. Global X Autonomous & Electric Vehicles ETF has a 52 week low of $22.14 and a 52 week high of $42.76. The firm has a market capitalization of $436.69 million, a PE ratio of -145.21 and a beta of 1.45.

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.