Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.36 and traded as high as $39.14. Global X Autonomous & Electric Vehicles ETF shares last traded at $38.97, with a volume of 92,100 shares changing hands.

Global X Autonomous & Electric Vehicles ETF Price Performance

The firm has a market cap of $418.54 million, a price-to-earnings ratio of -139.18 and a beta of 1.45. The firm’s fifty day moving average is $37.41 and its 200-day moving average is $33.36.

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

Several hedge funds and other institutional investors have recently bought and sold shares of DRIV. Jones Financial Companies Lllp increased its stake in 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 purchasing an additional 9,478 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Global X Autonomous & Electric Vehicles ETF in the third quarter valued at $230,000. Strive Financial Group LLC bought a new stake in Global X Autonomous & Electric Vehicles ETF in the fourth quarter valued at $80,000. Finally, Farther Finance Advisors LLC increased its stake in Global X Autonomous & Electric Vehicles ETF by 802.2% in 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 in the last quarter. 80.78% of the stock is owned by institutional investors.

About Global X Autonomous & Electric Vehicles ETF

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.