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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 18,215 shares, a drop of 73.0% from the June 15th total of 67,433 shares. Based on an average trading volume of 52,975 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

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

A number of institutional investors have recently made changes to their positions in DRIV. CX Institutional increased its position in shares of Global X Autonomous & Electric Vehicles ETF by 0.7% during the second quarter. CX Institutional now owns 86,801 shares of the technology company’s stock valued at $3,348,000 after acquiring an additional 613 shares in the last quarter. Strive Financial Group LLC bought a new position in Global X Autonomous & Electric Vehicles ETF in the 4th quarter valued at approximately $80,000. Farther Finance Advisors LLC lifted 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. Ameriprise Financial Inc. purchased a new stake in Global X Autonomous & Electric Vehicles ETF during the 3rd quarter valued at $230,000. Finally, Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 9,478 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Price Performance

Global X Autonomous & Electric Vehicles ETF stock traded down $1.17 during mid-day trading on Monday, reaching $35.37. The stock had a trading volume of 46,739 shares, compared to its average volume of 63,771. The company has a market capitalization of $401.10 million, a price-to-earnings ratio of -126.32 and a beta of 1.46. The company has a 50-day moving average price of $39.19 and a two-hundred day moving average price of $34.62. Global X Autonomous & Electric Vehicles ETF has a one year low of $23.41 and a one year high of $42.76.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a $0.0737 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a yield of 39.0%. Global X Autonomous & Electric Vehicles ETF’s payout ratio is -75.00%.

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.