Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Short Interest Update

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the recipient 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. Based on an average daily volume of 29,504 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. CX Institutional raised its position in Global X Autonomous & Electric Vehicles ETF by 0.7% in the 2nd quarter. CX Institutional now owns 86,801 shares of the technology company’s stock worth $3,348,000 after purchasing an additional 613 shares during the period. Farther Finance Advisors LLC boosted its position 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 valued at $61,000 after buying an additional 1,845 shares during the period. Strive Financial Group LLC bought a new position in shares of Global X Autonomous & Electric Vehicles ETF during the fourth quarter valued at about $80,000. Ameriprise Financial Inc. bought a new position in shares of Global X Autonomous & Electric Vehicles ETF during the third quarter valued at about $230,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of 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 worth $277,000 after buying an additional 9,478 shares during the period. Institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Trading Down 0.4%

Shares of NASDAQ DRIV opened at $35.76 on Friday. The stock’s 50-day moving average is $36.46 and its 200 day moving average is $35.15. The stock has a market cap of $439.49 million, a price-to-earnings ratio of -127.71 and a beta of 1.47. Global X Autonomous & Electric Vehicles ETF has a 1-year low of $24.95 and a 1-year high of $42.76.

Global X Autonomous & Electric Vehicles ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a $0.0737 dividend. This represents a dividend yield of 39.0%. The ex-dividend date was Monday, June 29th. Global X Autonomous & Electric Vehicles ETF’s payout ratio 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.