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

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.72 and traded as high as $40.31. Global X Autonomous & Electric Vehicles ETF shares last traded at $39.85, with a volume of 171,175 shares.

Global X Autonomous & Electric Vehicles ETF Stock Down 2.2%

The stock has a market cap of $427.99 million, a price-to-earnings ratio of -142.32 and a beta of 1.43. The company’s 50-day moving average is $33.18 and its 200-day moving average is $31.72.

Institutional Trading of Global X Autonomous & Electric Vehicles ETF

Several hedge funds have recently modified their holdings of the company. Strive Financial Group LLC bought a new position in Global X Autonomous & Electric Vehicles ETF in the fourth quarter valued at approximately $80,000. Farther Finance Advisors LLC raised its holdings in Global X Autonomous & Electric Vehicles ETF by 802.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the technology company’s stock worth $61,000 after purchasing an additional 1,845 shares during the period. Ameriprise Financial Inc. acquired a new stake in Global X Autonomous & Electric Vehicles ETF in the third quarter worth $230,000. Finally, Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 9,478 shares during the period. Institutional investors and hedge funds 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.