Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Shares Cross Above 200-Day Moving Average – Time to Sell?

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.40 and traded as high as $41.74. Global X Autonomous & Electric Vehicles ETF shares last traded at $41.62, with a volume of 56,745 shares traded.

Global X Autonomous & Electric Vehicles ETF Stock Performance

The company has a market cap of $447.00 million, a PE ratio of -148.64 and a beta of 1.43. The stock’s 50-day simple moving average is $34.94 and its 200 day simple moving average is $32.40.

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

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Global X Autonomous & Electric Vehicles ETF by 802.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,075 shares of the technology company’s stock worth $61,000 after purchasing an additional 1,845 shares during the period. Strive Financial Group LLC acquired a new position in shares of Global X Autonomous & Electric Vehicles ETF during the 4th quarter worth $80,000. Ameriprise Financial Inc. acquired a new position in shares of Global X Autonomous & Electric Vehicles ETF during the 3rd quarter worth $230,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Global X Autonomous & Electric Vehicles ETF by 261.2% during the 1st quarter. Jones Financial Companies Lllp now owns 13,107 shares of the technology company’s stock worth $277,000 after purchasing an additional 9,478 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

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.