Driven Brands Ownership
| DRVN Etf | USD 16.80 0.32 1.94% |
Shares in Circulation | First Issued 2019-12-31 | Previous Quarter 160.8 M | Current Value 160.7 M | Avarage Shares Outstanding 164 M | Quarterly Volatility 3.6 M |
Driven |
Driven Etf Ownership Analysis
The fund retains all of the assets under management (AUM) in different types of exotic instruments. Driven Brands Holdings Inc., together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. Driven Brands is listed under Auto Truck Dealerships in the United States and is traded on NASDAQ Exchange exchange. To learn more about Driven Brands Holdings call Jonathan Fitzpatrick at 704 377 8855 or check out https://www.drivenbrands.com.Institutional Etf Holders for Driven Brands
Have you ever been surprised when a price of an equity instrument such as Driven Brands is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Driven Brands Holdings backward and forwards among themselves. Driven Brands' institutional investor refers to the entity that pools money to purchase Driven Brands' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| ANOCX | Small Cap Growth | Mutual Fund | |
| ADISX | Aperture Discover Equity | Mutual Fund | |
| ANOIX | Small Cap Growth | Mutual Fund | |
| ANOYX | Small Cap Growth | Mutual Fund | |
| ANONX | Small Cap Growth | Mutual Fund | |
| ANOAX | Small Cap Growth | Mutual Fund | |
| ANORX | Small Cap Growth | Mutual Fund | |
| ANOGX | Small Cap Growth | Mutual Fund | |
| ADSRX | Aperture Discover Equity | Mutual Fund | |
| ANOHX | American Century Small | Mutual Fund | |
| ANODX | Small Cap Growth | Mutual Fund |
Driven Brands Holdings Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Driven Brands insiders, such as employees or executives, is commonly permitted as long as it does not rely on Driven Brands' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Driven Brands insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Driven Brands Outstanding Bonds
Driven Brands issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Driven Brands Holdings uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Driven bonds can be classified according to their maturity, which is the date when Driven Brands Holdings has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Pair Trading with Driven Brands
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Driven Brands position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Driven Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Driven Etf
| 0.82 | G | Genpact Limited Earnings Call This Week | PairCorr |
| 0.81 | BR | Broadridge Financial | PairCorr |
| 0.66 | FA | First Advantage Corp | PairCorr |
Moving against Driven Etf
The ability to find closely correlated positions to Driven Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Driven Brands when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Driven Brands - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Driven Brands Holdings to buy it.
The correlation of Driven Brands is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Driven Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Driven Brands Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Driven Brands can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Driven Etf
Driven Brands financial ratios help investors to determine whether Driven Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Driven with respect to the benefits of owning Driven Brands security.