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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 16,666 shares, a decrease 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 currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Global X Autonomous & Electric Vehicles ETF Trading Up 2.1%

DRIV stock traded up $0.85 during trading on Wednesday, reaching $40.70. The stock had a trading volume of 121,944 shares, compared to its average volume of 58,259. Global X Autonomous & Electric Vehicles ETF has a 52 week low of $21.66 and a 52 week high of $40.90. The stock’s 50 day moving average is $33.34 and its two-hundred day moving average is $31.80. The firm has a market cap of $437.12 million, a PE ratio of -145.36 and a beta of 1.43.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in Global X Autonomous & Electric Vehicles ETF by 261.2% in the first 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 third quarter worth about $230,000. Strive Financial Group LLC bought a new position in shares of Global X Autonomous & Electric Vehicles ETF in the fourth quarter worth about $80,000. Finally, Farther Finance Advisors LLC raised its stake in shares of 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 buying an additional 1,845 shares during the period. Institutional investors own 80.78% of the company’s stock.

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.