Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Short Interest Up 1,345.9% in May

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 240,981 shares, an increase of 1,345.9% from the April 30th total of 16,666 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 124,725 shares, the days-to-cover ratio is presently 1.9 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position 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 valued at $277,000 after acquiring an additional 9,478 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Global X Autonomous & Electric Vehicles ETF during the third quarter valued at approximately $230,000. Farther Finance Advisors LLC raised 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 purchasing an additional 1,845 shares during the period. Finally, Strive Financial Group LLC purchased a new stake in Global X Autonomous & Electric Vehicles ETF during the fourth quarter valued at approximately $80,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Global X Autonomous & Electric Vehicles ETF Stock Down 0.7%

DRIV stock opened at $41.36 on Thursday. Global X Autonomous & Electric Vehicles ETF has a twelve month low of $21.66 and a twelve month high of $41.74. The firm has a market cap of $473.57 million, a PE ratio of -147.71 and a beta of 1.43. The business has a 50 day moving average of $35.15 and a 200 day moving average of $32.49.

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.