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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.36 and traded as high as $39.14. Global X Autonomous & Electric Vehicles ETF shares last traded at $38.97, with a volume of 92,100 shares trading hands.

Global X Autonomous & Electric Vehicles ETF Trading Up 2.0%

The firm has a market cap of $427.02 million, a P/E ratio of -142.00 and a beta of 1.45. The company has a fifty day moving average price of $37.59 and a two-hundred day moving average price of $33.40.

Institutional Investors Weigh In On Global X Autonomous & Electric Vehicles ETF

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted 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 in the last quarter. Ameriprise Financial Inc. bought 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 in the 4th quarter valued at approximately $80,000. Finally, Farther Finance Advisors LLC lifted its stake 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 acquiring an additional 1,845 shares in the last quarter. 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.