Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 16,666 shares, a decline of 76.6% from the April 15th total of 71,098 shares. Based on an average trading volume of 46,672 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of DRIV. Jones Financial Companies Lllp grew its position in shares of Global X Autonomous & Electric Vehicles ETF by 261.2% in 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 last quarter. Ameriprise Financial Inc. bought a new position in shares of Global X Autonomous & Electric Vehicles ETF during the third quarter valued at approximately $230,000. Farther Finance Advisors LLC lifted its stake in 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. Finally, Strive Financial Group LLC purchased a new stake in Global X Autonomous & Electric Vehicles ETF in the fourth quarter worth $80,000. Institutional investors own 80.78% of the company’s stock.
Global X Autonomous & Electric Vehicles ETF Stock Down 0.2%
Shares of NASDAQ:DRIV traded down $0.10 during midday trading on Thursday, hitting $40.65. 108,774 shares of the stock traded hands, compared to its average volume of 58,807. The business’s 50 day moving average is $33.34 and its two-hundred day moving average is $31.80. The stock has a market capitalization of $436.58 million, a PE ratio of -145.18 and a beta of 1.43. Global X Autonomous & Electric Vehicles ETF has a one year low of $21.66 and a one year high of $40.90.
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.
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