Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $35.03 and traded as high as $35.33. Global X Autonomous & Electric Vehicles ETF shares last traded at $34.92, with a volume of 53,787 shares changing hands.

Global X Autonomous & Electric Vehicles ETF Trading Up 2.4%

The stock’s fifty day moving average price is $36.97 and its 200 day moving average price is $35.05. The stock has a market cap of $439.12 million, a P/E ratio of -127.61 and a beta of 1.47.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

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

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 business. CX Institutional lifted its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 0.7% during the second 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 grew its stake in shares of 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 worth $277,000 after buying an additional 9,478 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Global X Autonomous & Electric Vehicles ETF during the 3rd quarter valued at approximately $230,000. Strive Financial Group LLC bought a new position in Global X Autonomous & Electric Vehicles ETF during the 4th quarter valued at approximately $80,000. Finally, Farther Finance Advisors LLC raised its stake in Global X Autonomous & Electric Vehicles ETF by 802.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the technology company’s stock valued at $61,000 after buying an additional 1,845 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Company Profile

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.