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 stock 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 Trading Up 3.0%

The firm has a market capitalization of $447.00 million, a price-to-earnings ratio of -148.64 and a beta of 1.43. The stock’s 50 day moving average price is $34.94 and its two-hundred day moving average price is $32.40.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. 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 stake in Global X Autonomous & Electric Vehicles ETF in the 4th quarter valued at about $80,000. Ameriprise Financial Inc. acquired a new stake in Global X Autonomous & Electric Vehicles ETF in the 3rd quarter valued at about $230,000. Finally, Jones Financial Companies Lllp grew its stake in Global X Autonomous & Electric Vehicles ETF by 261.2% in the 1st quarter. Jones Financial Companies Lllp now owns 13,107 shares of the technology company’s stock valued at $277,000 after acquiring an additional 9,478 shares during 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.