Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.96 and traded as high as $39.01. Global X Autonomous & Electric Vehicles ETF shares last traded at $38.32, with a volume of 49,710 shares changing hands.

Global X Autonomous & Electric Vehicles ETF Trading Down 4.8%

The business’s 50-day simple moving average is $38.71 and its two-hundred day simple moving average is $33.96. The firm has a market cap of $411.56 million, a price-to-earnings ratio of -136.86 and a beta of 1.45.

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

Several large investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings 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 buying an additional 9,478 shares during the period. Ameriprise Financial Inc. bought a new stake in Global X Autonomous & Electric Vehicles ETF during the third quarter valued at $230,000. Farther Finance Advisors LLC grew its holdings in 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 acquiring an additional 1,845 shares during the period. Finally, Strive Financial Group LLC acquired a new stake in Global X Autonomous & Electric Vehicles ETF during the 4th quarter worth about $80,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.