Short Interest in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Decreases By 58.0%

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 67,433 shares, a decline of 58.0% from the May 31st total of 160,585 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 103,761 shares, the short-interest ratio is presently 0.6 days.

Global X Autonomous & Electric Vehicles ETF Stock Down 1.2%

Shares of Global X Autonomous & Electric Vehicles ETF stock traded down $0.47 during mid-day trading on Wednesday, hitting $38.10. The stock had a trading volume of 40,795 shares, compared to its average volume of 62,637. The firm has a 50-day moving average of $39.05 and a two-hundred day moving average of $34.23. The firm has a market cap of $409.19 million, a P/E ratio of -136.07 and a beta of 1.45. Global X Autonomous & Electric Vehicles ETF has a 12-month low of $23.34 and a 12-month high of $42.76.

Global X Autonomous & Electric Vehicles ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.0737 per share. This represents a yield of 39.0%. The ex-dividend date of this dividend is Monday, June 29th. Global X Autonomous & Electric Vehicles ETF’s dividend payout ratio (DPR) is -110.71%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new position in Global X Autonomous & Electric Vehicles ETF during the 3rd quarter worth about $230,000. Jones Financial Companies Lllp boosted its holdings 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 valued at $277,000 after acquiring an additional 9,478 shares during the period. Strive Financial Group LLC acquired a new position in Global X Autonomous & Electric Vehicles ETF in the 4th quarter valued at about $80,000. Finally, Farther Finance Advisors LLC grew its position in 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 in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

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.