Short Interest in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Decreases By 73.0%

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 18,215 shares, a decline of 73.0% from the June 15th total of 67,433 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 52,975 shares, the short-interest ratio is presently 0.3 days.

Global X Autonomous & Electric Vehicles ETF Stock Up 0.9%

Shares of NASDAQ DRIV traded up $0.32 during mid-day trading on Tuesday, hitting $35.69. 18,066 shares of the company were exchanged, compared to its average volume of 63,412. The stock has a 50 day simple moving average of $39.15 and a 200-day simple moving average of $34.65. Global X Autonomous & Electric Vehicles ETF has a 1-year low of $23.41 and a 1-year high of $42.76. The firm has a market cap of $404.77 million, a price-to-earnings ratio of -127.25 and a beta of 1.46.

Global X Autonomous & Electric Vehicles ETF Announces Dividend

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

Institutional Trading of Global X Autonomous & Electric Vehicles ETF

Several hedge funds and other institutional investors have recently made changes to their positions in DRIV. Farther Finance Advisors LLC raised its holdings in 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 worth $61,000 after purchasing an additional 1,845 shares in the last quarter. Strive Financial Group LLC acquired a new position in Global X Autonomous & Electric Vehicles ETF during the 4th quarter worth approximately $80,000. Ameriprise Financial Inc. acquired a new position in Global X Autonomous & Electric Vehicles ETF during the 3rd quarter worth approximately $230,000. Jones Financial Companies Lllp raised its stake in shares of 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 worth $277,000 after buying an additional 9,478 shares in the last quarter. Finally, CX Institutional raised its stake in shares of Global X Autonomous & Electric Vehicles ETF by 0.7% during the 2nd quarter. CX Institutional now owns 86,801 shares of the technology company’s stock worth $3,348,000 after buying an additional 613 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 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.