Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Share Price Crosses 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 traded.

Global X Autonomous & Electric Vehicles ETF Stock Performance

The stock’s 50 day simple moving average is $38.80 and its 200-day simple moving average is $34.02. The firm has a market cap of $408.23 million, a price-to-earnings ratio of -135.75 and a beta of 1.45.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRIV. Jones Financial Companies Lllp grew 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 valued at $277,000 after purchasing an additional 9,478 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Global X Autonomous & Electric Vehicles ETF in the third quarter worth about $230,000. Farther Finance Advisors LLC raised its stake 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 worth $61,000 after purchasing an additional 1,845 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the fourth quarter worth about $80,000. 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.