Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Sees Large Increase in Short Interest

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 30,295 shares, an increase of 334.8% from the August 31st total of 6,968 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 35,215 shares, the short-interest ratio is presently 0.9 days.

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

An institutional investor recently bought a new stake in Global X Autonomous & Electric Vehicles ETF stock. First Bancorp Inc ME purchased a new position in shares of Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the technology company’s stock, valued at approximately $77,000. 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 opened at $33.46 on Friday. The business has a 50 day moving average of $34.36 and a 200-day moving average of $35.54. The company has a market capitalization of $361.03 million, a P/E ratio of -119.50 and a beta of 1.47. Global X Autonomous & Electric Vehicles ETF has a 1 year low of $27.05 and a 1 year high of $42.76.

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.