Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 30,295 shares, a growth of 334.8% from the August 31st total of 6,968 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 35,215 shares, the days-to-cover ratio is presently 0.9 days.
Hedge Funds Weigh In On Global X Autonomous & Electric Vehicles ETF
An institutional investor recently raised its position in Global X Autonomous & Electric Vehicles ETF stock. CX Institutional boosted its stake in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV – Free Report) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,801 shares of the technology company’s stock after acquiring an additional 613 shares during the period. CX Institutional owned 0.81% of Global X Autonomous & Electric Vehicles ETF worth $3,348,000 at the end of the most recent quarter. 80.78% of the stock is currently owned by institutional investors.
Global X Autonomous & Electric Vehicles ETF Trading Down 0.7%
NASDAQ DRIV opened at $33.46 on Friday. The business’s 50-day moving average price is $34.36 and its two-hundred day moving average price is $35.54. Global X Autonomous & Electric Vehicles ETF has a 12 month low of $27.05 and a 12 month high of $42.76. The firm has a market capitalization of $361.03 million, a PE ratio of -119.50 and a beta of 1.47.
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.
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