Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Update

Global X DAX Germany ETF (NASDAQ:DAX) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 344,946 shares, an increase of 349.1% from the January 15th total of 76,802 shares. Currently, 5.7% of the company’s shares are sold short. Based on an average daily trading volume, of 73,530 shares, the days-to-cover ratio is currently 4.7 days. Based on an average daily trading volume, of 73,530 shares, the days-to-cover ratio is currently 4.7 days. Currently, 5.7% of the company’s shares are sold short.

Global X DAX Germany ETF Price Performance

Shares of DAX traded up $0.07 during mid-day trading on Thursday, reaching $47.06. The stock had a trading volume of 69,777 shares, compared to its average volume of 68,647. The business’s fifty day moving average is $46.03 and its 200 day moving average is $44.95. Global X DAX Germany ETF has a 52-week low of $34.44 and a 52-week high of $47.70. The firm has a market cap of $284.71 million, a price-to-earnings ratio of 18.27 and a beta of 1.02.

Global X DAX Germany ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a $0.085 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 37.0%.

Institutional Investors Weigh In On Global X DAX Germany ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Spire Wealth Management increased its stake in Global X DAX Germany ETF by 83.3% during the third quarter. Spire Wealth Management now owns 550 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 250 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Global X DAX Germany ETF by 707.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 707 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Global X DAX Germany ETF in the second quarter valued at $42,000. CIBC Private Wealth Group LLC acquired a new position in Global X DAX Germany ETF during the 4th quarter worth $44,000. Finally, AE Wealth Management LLC grew its stake in Global X DAX Germany ETF by 668.0% during the 3rd quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 1,483 shares in the last quarter.

About Global X DAX Germany ETF

The Global X DAX Germany ETF (DAX) is an exchange-traded fund that is based on the DAX index, a market-cap-weighted, total return index of the 30 largest and most liquid securities traded on the Frankfurt Exchange. DAX was launched on Oct 22, 2014 and is managed by Global X.