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 decline in short interest in June. As of June 30th, there was short interest totaling 18,215 shares, a decline of 73.0% from the June 15th total of 67,433 shares. Based on an average daily trading volume, of 52,975 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Global X Autonomous & Electric Vehicles ETF

Several hedge funds have recently made changes to their positions in DRIV. CX Institutional boosted its stake in shares of 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 valued at $3,348,000 after purchasing an additional 613 shares during the period. 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 worth $277,000 after buying an additional 9,478 shares during the period. Ameriprise Financial Inc. purchased a new stake in Global X Autonomous & Electric Vehicles ETF during the 3rd quarter worth approximately $230,000. Strive Financial Group LLC acquired a new stake in Global X Autonomous & Electric Vehicles ETF during the 4th quarter worth approximately $80,000. Finally, Farther Finance Advisors LLC lifted its holdings 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 worth $61,000 after buying an additional 1,845 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Price Performance

Shares of DRIV stock traded down $0.04 on Friday, hitting $36.54. The stock had a trading volume of 74,162 shares, compared to its average volume of 63,903. The company’s 50 day moving average price is $39.19 and its 200-day moving average price is $34.62. Global X Autonomous & Electric Vehicles ETF has a 1 year low of $23.41 and a 1 year high of $42.76. The firm has a market capitalization of $414.36 million, a P/E ratio of -130.50 and a beta of 1.46.

Global X Autonomous & Electric Vehicles ETF Announces Dividend

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

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.