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:DRIVGet Free Report) shares 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 traded.

Global X Autonomous & Electric Vehicles ETF Price Performance

The stock’s fifty day simple moving average is $37.23 and its 200-day simple moving average is $35.03. The stock has a market cap of $429.17 million, a P/E ratio of -124.71 and a beta of 1.47.

Global X Autonomous & Electric Vehicles ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRIV. Jones Financial Companies Lllp boosted its position in shares of Global X Autonomous & Electric Vehicles ETF by 261.2% during the first 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 period. Ameriprise Financial Inc. acquired a new stake in Global X Autonomous & Electric Vehicles ETF in the 3rd quarter valued at approximately $230,000. Strive Financial Group LLC bought a new stake in Global X Autonomous & Electric Vehicles ETF during the 4th quarter valued at $80,000. Farther Finance Advisors LLC raised its stake in 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 valued at $61,000 after acquiring an additional 1,845 shares in the last quarter. Finally, CX Institutional raised its stake in Global X Autonomous & Electric Vehicles ETF by 0.7% during the 2nd quarter. CX Institutional now owns 86,801 shares of the technology company’s stock valued at $3,348,000 after acquiring an additional 613 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Company Profile

(Get Free Report)

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.

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