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 decrease in short interest in 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. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 46,672 shares, the days-to-cover ratio is currently 0.4 days.

Global X Autonomous & Electric Vehicles ETF Stock Performance

Shares of NASDAQ:DRIV traded up $0.85 during midday trading on Wednesday, reaching $40.70. 121,944 shares of the company’s stock traded hands, compared to its average volume of 58,259. The company has a market cap of $437.12 million, a price-to-earnings ratio of -145.36 and a beta of 1.43. Global X Autonomous & Electric Vehicles ETF has a one year low of $21.66 and a one year high of $40.90. The stock has a 50 day moving average of $33.34 and a 200 day moving average of $31.80.

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 Global X Autonomous & Electric Vehicles ETF in the third quarter valued at about $230,000. Strive Financial Group LLC bought a new position in Global X Autonomous & Electric Vehicles ETF in the fourth quarter valued at about $80,000. Finally, Farther Finance Advisors LLC lifted its holdings in 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 valued at $61,000 after acquiring an additional 1,845 shares during the period. Institutional investors 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.