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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 6,968 shares, a growth of 70.2% from the August 15th total of 4,095 shares. Based on an average daily volume of 23,557 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Global X Autonomous & Electric Vehicles ETF

An institutional investor recently bought a new position in Global X Autonomous & Electric Vehicles ETF stock. First Bancorp Inc ME bought a new stake in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the technology company’s stock, valued at approximately $77,000. Institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Stock Up 2.7%

DRIV stock traded up $0.89 during trading on Thursday, hitting $33.91. 12,115 shares of the company’s stock traded hands, compared to its average volume of 57,192. Global X Autonomous & Electric Vehicles ETF has a 52 week low of $27.05 and a 52 week high of $42.76. The stock has a fifty day moving average price of $34.58 and a two-hundred day moving average price of $35.44. The stock has a market capitalization of $416.82 million, a price-to-earnings ratio of -121.12 and a beta of 1.47.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders 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 payout ratio is -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.