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

Shares of Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Down 4.1%

The stock’s 50-day simple moving average is $39.18 and its 200 day simple moving average is $34.48. The company has a market cap of $411.92 million, a price-to-earnings ratio of -128.82 and a beta of 1.46.

Global X Autonomous & Electric Vehicles ETF Dividend Announcement

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

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

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in shares of 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 valued at $61,000 after acquiring an additional 1,845 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Global X Autonomous & Electric Vehicles ETF during the fourth quarter worth approximately $80,000. Ameriprise Financial Inc. purchased a new stake in Global X Autonomous & Electric Vehicles ETF in the third quarter valued at $230,000. Jones Financial Companies Lllp boosted its position in shares of 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 purchasing an additional 9,478 shares during the period. Finally, CX Institutional grew its position in shares of Global X Autonomous & Electric Vehicles ETF by 0.7% during 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 last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.