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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 8,098 shares, a drop of 62.3% from the July 15th total of 21,457 shares. Based on an average daily volume of 29,504 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Global X Autonomous & Electric Vehicles ETF Trading Up 0.7%

Shares of NASDAQ:DRIV traded up $0.26 during mid-day trading on Friday, hitting $36.02. 21,788 shares of the company traded hands, compared to its average volume of 61,268. The stock has a 50-day moving average price of $36.41 and a two-hundred day moving average price of $35.15. Global X Autonomous & Electric Vehicles ETF has a 12-month low of $24.95 and a 12-month high of $42.76. The stock has a market cap of $442.69 million, a P/E ratio of -128.64 and a beta of 1.47.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

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

Institutional Trading of Global X Autonomous & Electric Vehicles ETF

A number of institutional investors and hedge funds have recently modified their holdings of DRIV. CX Institutional boosted its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 0.7% in the 2nd quarter. CX Institutional now owns 86,801 shares of the technology company’s stock worth $3,348,000 after buying an additional 613 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of Global X Autonomous & Electric Vehicles ETF during the 4th quarter valued at approximately $80,000. Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 9,478 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Global X Autonomous & Electric Vehicles ETF in the 3rd quarter worth approximately $230,000. Finally, First Bancorp Inc ME purchased a new position in Global X Autonomous & Electric Vehicles ETF in the second quarter valued at approximately $77,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

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.