Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.48 and traded as high as $36.80. Global X Autonomous & Electric Vehicles ETF shares last traded at $36.07, with a volume of 100,878 shares.

Global X Autonomous & Electric Vehicles ETF Price Performance

The company’s fifty day simple moving average is $39.18 and its 200-day simple moving average is $34.48. The firm has a market capitalization of $411.92 million, a PE ratio of -128.82 and a beta of 1.46.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a $0.0737 dividend. This represents a yield of 39.0%. The ex-dividend date was Monday, June 29th. Global X Autonomous & Electric Vehicles ETF’s payout ratio is presently -75.00%.

Institutional Trading of Global X Autonomous & Electric Vehicles ETF

Institutional investors have recently made changes to their positions in the company. CX Institutional raised its stake in Global X Autonomous & Electric Vehicles ETF by 0.7% in the 2nd quarter. CX Institutional now owns 86,801 shares of the technology company’s stock valued at $3,348,000 after purchasing an additional 613 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in 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 last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the third quarter worth $230,000. Strive Financial Group LLC purchased a new stake in Global X Autonomous & Electric Vehicles ETF during the 4th quarter valued at about $80,000. Finally, Farther Finance Advisors LLC grew its position in shares of 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 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.