(IEVD) iShares Electric Vehicles - Ratings and Ratios

The iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (Ticker: IEVD), listed on XETRA, is designed to track the performance of companies involved in the electric vehicle (EV) and driving technology sectors. The fund is categorized under Sector Equity Technology and is managed by BlackRock. It seeks to replicate the returns of the Morningstar Global Tech TME NR USD Index, which focuses on firms driving innovation in EVs, autonomous vehicles, and related technologies.

From a technical standpoint, IEVD has shown a price of 6.28 EUR as of the latest close, with a 20-day average volume of 42,587 shares. The funds short-term trend, indicated by the SMA 20 at 5.85, suggests recent upward momentum. However, the SMA 50 at 6.47 and SMA 200 at 6.88 indicate a potential resistance level near the 200-day average. The ATR of 0.21 reflects moderate volatility, signaling manageable risk for short-term traders.

Fundamentally, the ETF holds assets under management (AUM) of 703.76 million EUR, indicating significant investor interest and liquidity. This size positions it as a stable choice for exposure to the EV and driving technology sector, which is experiencing rapid growth due to global shifts toward sustainable energy and autonomous systems.