Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) Share Price Passes Above 200 Day Moving Average – What’s Next?

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.48 and traded as high as $36.80. Global X Autonomous & Electric Vehicles ETF shares last traded at $36.07, with a volume of 100,878 shares changing hands.

Global X Autonomous & Electric Vehicles ETF Stock Performance

The stock has a 50-day simple moving average of $39.19 and a two-hundred day simple moving average of $34.57. The firm has a market cap of $414.82 million, a PE ratio of -130.64 and a beta of 1.46.

Global X Autonomous & Electric Vehicles ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a $0.0737 dividend. The ex-dividend date was Monday, June 29th. This represents a dividend yield of 39.0%. Global X Autonomous & Electric Vehicles ETF’s payout ratio is currently -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. Farther Finance Advisors LLC boosted 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 last quarter. Strive Financial Group LLC purchased a new position in shares of Global X Autonomous & Electric Vehicles ETF in the 4th quarter worth $80,000. Ameriprise Financial Inc. purchased a new position in shares of Global X Autonomous & Electric Vehicles ETF in the 3rd quarter worth $230,000. 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 acquiring an additional 9,478 shares during the period. Finally, CX Institutional grew its holdings in shares of Global X Autonomous & Electric Vehicles ETF by 0.7% in the second quarter. CX Institutional now owns 86,801 shares of the technology company’s stock worth $3,348,000 after acquiring an additional 613 shares during the period. Institutional investors own 80.78% of the company’s stock.

Global X Autonomous & Electric Vehicles ETF Company Profile

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.