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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 71,098 shares, a drop of 14.6% from the March 31st total of 83,234 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 44,026 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DRIV. Farther Finance Advisors LLC grew its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 802.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the technology company’s stock valued at $61,000 after buying an additional 1,845 shares during the last quarter. Strive Financial Group LLC acquired a new position in shares of Global X Autonomous & Electric Vehicles ETF during the fourth quarter valued at about $80,000. Ameriprise Financial Inc. acquired a new position in shares of Global X Autonomous & Electric Vehicles ETF during the third quarter valued at about $230,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 261.2% during the first quarter. Jones Financial Companies Lllp now owns 13,107 shares of the technology company’s stock valued at $277,000 after buying an additional 9,478 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Global X Autonomous & Electric Vehicles ETF Price Performance

Shares of NASDAQ DRIV traded up $0.36 during mid-day trading on Friday, reaching $37.84. 212,813 shares of the company’s stock traded hands, compared to its average volume of 51,666. The stock has a market cap of $408.67 million, a P/E ratio of -135.14 and a beta of 1.34. The business has a 50-day simple moving average of $32.39 and a 200 day simple moving average of $31.25. Global X Autonomous & Electric Vehicles ETF has a 1-year low of $20.80 and a 1-year high of $37.92.

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.