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 the month of June. As of June 15th, there was short interest totaling 67,433 shares, a drop of 58.0% from the May 31st total of 160,585 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 103,761 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Global X Autonomous & Electric Vehicles ETF

Several large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its stake 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 buying an additional 9,478 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Global X Autonomous & Electric Vehicles ETF in the third quarter valued at approximately $230,000. Strive Financial Group LLC acquired a new stake in Global X Autonomous & Electric Vehicles ETF during the fourth quarter worth approximately $80,000. Finally, Farther Finance Advisors LLC raised its stake in Global X Autonomous & Electric Vehicles ETF by 802.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,075 shares of the technology company’s stock worth $61,000 after acquiring an additional 1,845 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Trading Up 1.8%

DRIV traded up $0.65 on Monday, hitting $37.70. 36,775 shares of the company were exchanged, compared to its average volume of 63,026. The firm has a 50-day moving average price of $38.93 and a two-hundred day moving average price of $34.12. Global X Autonomous & Electric Vehicles ETF has a twelve month low of $23.08 and a twelve month high of $42.76. The company has a market cap of $404.90 million, a price-to-earnings ratio of -134.64 and a beta of 1.45.

Global X Autonomous & Electric Vehicles ETF Announces Dividend

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

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.