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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 83,234 shares, an increase of 29.4% from the March 15th total of 64,303 shares. Based on an average trading volume of 32,401 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X Autonomous & Electric Vehicles ETF

A number of large investors have recently bought and sold shares of DRIV. Strive Financial Group LLC acquired a new position in Global X Autonomous & Electric Vehicles ETF in the fourth quarter valued at $80,000. Farther Finance Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,845 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the 3rd quarter worth about $230,000. Finally, Jones Financial Companies Lllp increased its position 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 purchasing an additional 9,478 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Price Performance

Shares of DRIV stock opened at $35.64 on Friday. The firm’s 50-day simple moving average is $31.79 and its 200-day simple moving average is $30.80. Global X Autonomous & Electric Vehicles ETF has a 1-year low of $18.84 and a 1-year high of $35.92. The firm has a market cap of $384.91 million, a P/E ratio of -127.29 and a beta of 1.34.

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.