Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Shares Shorted: Short Interest Up 447.4% in October

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 60,021 shares, an increase of 447.4% from the October 15th total of 10,964 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 56,769 shares, the short-interest ratio is presently 1.1 days.

Global X Autonomous & Electric Vehicles ETF Trading Up 1.5%

Shares of NASDAQ:DRIV opened at $29.51 on Wednesday. The stock has a market capitalization of $301.85 million, a P/E ratio of -105.43 and a beta of 1.51. Global X Autonomous & Electric Vehicles ETF has a 1-year low of $27.05 and a 1-year high of $42.76. The business has a 50-day moving average price of $32.07 and a two-hundred day moving average price of $34.32.

Institutional Investors Weigh In On Global X Autonomous & Electric Vehicles ETF

Several institutional investors have recently modified their holdings of the business. CX Institutional raised its stake in shares of Global X Autonomous & Electric Vehicles ETF by 15.1% during the third quarter. CX Institutional now owns 99,913 shares of the technology company’s stock worth $3,309,000 after buying an additional 13,112 shares during the last quarter. First Bancorp Inc ME bought a new position in Global X Autonomous & Electric Vehicles ETF in the second quarter valued at approximately $77,000. Harbour Investments Inc. bought a new position in Global X Autonomous & Electric Vehicles ETF in the third quarter valued at approximately $65,000. Finally, Adirondack Trust Co. acquired a new position in shares of Global X Autonomous & Electric Vehicles ETF in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

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.