Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.99 and traded as high as $35.97. Global X Autonomous & Electric Vehicles ETF shares last traded at $35.50, with a volume of 29,431 shares traded.

Global X Autonomous & Electric Vehicles ETF Stock Down 0.8%

The company’s 50 day simple moving average is $32.01 and its 200-day simple moving average is $30.99. The firm has a market cap of $383.40 million, a P/E ratio of -126.79 and a beta of 1.34.

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

Several hedge funds have recently bought and sold shares of DRIV. Jones Financial Companies Lllp grew its holdings in shares of 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 worth $277,000 after purchasing an additional 9,478 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in Global X Autonomous & Electric Vehicles ETF during the 3rd quarter valued at about $230,000. Farther Finance Advisors LLC boosted its position in Global X Autonomous & Electric Vehicles ETF by 802.2% in the 4th 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 period. Finally, Strive Financial Group LLC purchased a new stake in Global X Autonomous & Electric Vehicles ETF in the 4th quarter valued at about $80,000. 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.