Short Interest in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Declines By 62.3%

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 8,098 shares, a decrease of 62.3% from the July 15th total of 21,457 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 29,504 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its position in 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 purchasing an additional 9,478 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the 3rd quarter worth $230,000. Farther Finance Advisors LLC grew its position 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 worth $61,000 after acquiring an additional 1,845 shares in the last quarter. Strive Financial Group LLC purchased a new position in Global X Autonomous & Electric Vehicles ETF in the fourth quarter worth $80,000. Finally, CX Institutional increased its stake in Global X Autonomous & Electric Vehicles ETF by 0.7% in 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 during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Stock Performance

Shares of DRIV stock opened at $35.76 on Friday. The company has a market capitalization of $439.49 million, a PE ratio of -127.71 and a beta of 1.47. Global X Autonomous & Electric Vehicles ETF has a 52-week low of $24.95 and a 52-week high of $42.76. The business’s fifty day moving average is $36.46 and its 200 day moving average is $35.15.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

The firm also recently declared 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 dividend yield of 39.0%. Global X Autonomous & Electric Vehicles ETF’s dividend payout ratio (DPR) is presently -75.00%.

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.