Global X Autonomous & Electric Vehicles ETF (DRIV) Short Interest Ratio & Short Volume

Short interest is the volume of Global X Autonomous & Electric Vehicles ETF shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 17,400 shares of DRIV short. Learn More on Global X Autonomous & Electric Vehicles ETF's current short interest.

Global X Autonomous & Electric Vehicles ETF saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 17,400 shares, an increase of 25.2% from the previous total of 13,900 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Global X Autonomous & Electric Vehicles ETF: First Trust Nasdaq Artificial Intelligence and Robotics ETF (0.52%), Global X Cloud Computing ETF (1.44%), Global X Conscious Companies ETF (0.05%), iShares ESG Advanced MSCI EAFE ETF (0.20%), Wahed FTSE USA Shariah ETF (0.18%), Invesco NASDAQ Next Gen 100 ETF (0.14%), First Trust NASDAQ Clean Edge Green Energy Index Fund (0.51%), First Trust Indxx NextG ETF (0.01%), WisdomTree China ex-State-Owned Enterprises Fund (0.46%), iShares USD Green Bond ETF (0.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling DRIV is an investing strategy that aims to generate trading profit from Global X Autonomous & Electric Vehicles ETF as its price is falling. DRIV shares are trading up $0.40 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Global X Autonomous & Electric Vehicles ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of DRIV, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including DRIV, twice per month. The most recent reporting period available is April, 15 2024.