Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Short Interest Up 70.2% in August

by · The Markets Daily

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,968 shares, an increase of 70.2% from the August 15th total of 4,095 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 23,557 shares, the short-interest ratio is currently 0.3 days.

Global X Autonomous & Electric Vehicles ETF Price Performance

DRIV stock traded down $0.38 during trading hours on Wednesday, reaching $32.83. The stock had a trading volume of 27,813 shares, compared to its average volume of 57,356. The stock has a 50-day simple moving average of $34.64 and a 200 day simple moving average of $35.44. Global X Autonomous & Electric Vehicles ETF has a fifty-two week low of $27.05 and a fifty-two week high of $42.76. The stock has a market capitalization of $403.48 million, a PE ratio of -117.26 and a beta of 1.47.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

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

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

A hedge fund recently bought a new position in Global X Autonomous & Electric Vehicles ETF stock. First Bancorp Inc ME acquired a new stake in Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the technology company’s stock, valued at approximately $77,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Global X Autonomous & Electric Vehicles ETF Company Profile

(Get Free Report)

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.

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