Global X DAX Germany ETF (NASDAQ:DAX) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Global X DAX Germany ETF (NASDAQ:DAX) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.74 and traded as high as $46.39. Global X DAX Germany ETF shares last traded at $46.13, with a volume of 46,867 shares traded.

Global X DAX Germany ETF Price Performance

The firm has a 50-day simple moving average of $45.74 and a 200 day simple moving average of $44.90. The stock has a market capitalization of $279.09 million, a P/E ratio of 18.27 and a beta of 1.02.

Global X DAX Germany ETF Dividend Announcement

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

Hedge Funds Weigh In On Global X DAX Germany ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAX. Genesee Capital Advisors LLC lifted its holdings in Global X DAX Germany ETF by 5.6% during the 2nd quarter. Genesee Capital Advisors LLC now owns 41,644 shares of the exchange traded fund’s stock worth $1,871,000 after buying an additional 2,190 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Global X DAX Germany ETF in the third quarter valued at about $2,314,000. Global View Capital Management LLC raised its position in shares of Global X DAX Germany ETF by 114.1% during the third quarter. Global View Capital Management LLC now owns 36,656 shares of the exchange traded fund’s stock worth $1,640,000 after acquiring an additional 19,532 shares during the last quarter. Bank of Montreal Can raised its position in shares of Global X DAX Germany ETF by 196.5% during the second quarter. Bank of Montreal Can now owns 5,649 shares of the exchange traded fund’s stock worth $254,000 after acquiring an additional 3,744 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in shares of Global X DAX Germany ETF by 39.0% in the second quarter. Y.D. More Investments Ltd now owns 99,455 shares of the exchange traded fund’s stock worth $4,463,000 after acquiring an additional 27,915 shares during the period.

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.