Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 160,585 shares, a drop of 33.4% from the May 14th total of 240,981 shares. Based on an average trading volume of 70,960 shares, the short-interest ratio is currently 2.3 days. Approximately 1.5% of the company’s stock are sold short.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. 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 valued at $277,000 after acquiring an additional 9,478 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Global X Autonomous & Electric Vehicles ETF in the 3rd quarter valued at about $230,000. Farther Finance Advisors LLC grew its position in shares of Global X Autonomous & Electric Vehicles ETF by 802.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,075 shares of the technology company’s stock valued at $61,000 after acquiring an additional 1,845 shares during the period. Finally, Strive Financial Group LLC bought a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the 4th quarter worth about $80,000. Institutional investors own 80.78% of the company’s stock.
Global X Autonomous & Electric Vehicles ETF Trading Down 2.5%
Global X Autonomous & Electric Vehicles ETF stock opened at $39.66 on Wednesday. The company has a market cap of $425.95 million, a P/E ratio of -141.64 and a beta of 1.45. Global X Autonomous & Electric Vehicles ETF has a 1-year low of $22.14 and a 1-year high of $42.76. The company has a fifty day simple moving average of $37.96 and a 200 day simple moving average of $33.60.
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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