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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIVGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $35.15 and traded as high as $36.05. Global X Autonomous & Electric Vehicles ETF shares last traded at $35.76, with a volume of 31,794 shares traded.

Global X Autonomous & Electric Vehicles ETF Stock Performance

The stock has a market cap of $442.69 million, a price-to-earnings ratio of -128.64 and a beta of 1.47. The firm’s 50-day simple moving average is $36.41 and its two-hundred day simple moving average is $35.15.

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 currently -75.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. 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 last quarter. First Bancorp Inc ME bought a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the second quarter worth $77,000. Strive Financial Group LLC bought a new stake in shares of Global X Autonomous & Electric Vehicles ETF during the fourth quarter worth $80,000. Ameriprise Financial Inc. acquired a new position in shares of Global X Autonomous & Electric Vehicles ETF during the third quarter valued at $230,000. Finally, Jones Financial Companies Lllp lifted its stake 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 valued at $277,000 after acquiring an additional 9,478 shares during the period. 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.

Further Reading

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