Short Interest in Global X DAX Germany ETF (NASDAQ:DAX) Rises By 176.9%

Global X DAX Germany ETF (NASDAQ:DAX) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 158,687 shares, an increase of 176.9% from the June 30th total of 57,305 shares. Based on an average daily volume of 59,948 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X DAX Germany ETF

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in Global X DAX Germany ETF by 672,424.0% in the 1st quarter. Royal Bank of Canada now owns 168,131 shares of the exchange traded fund’s stock valued at $6,574,000 after acquiring an additional 168,106 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Global X DAX Germany ETF by 1,484.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 89,991 shares of the exchange traded fund’s stock worth $4,105,000 after buying an additional 84,312 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Global X DAX Germany ETF by 413.3% during the 1st quarter. Jane Street Group LLC now owns 103,748 shares of the exchange traded fund’s stock worth $4,057,000 after buying an additional 83,537 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Global X DAX Germany ETF in the 1st quarter worth approximately $2,994,000. Finally, Marshall Wace LLP purchased a new position in shares of Global X DAX Germany ETF in the 2nd quarter worth approximately $1,465,000.

Global X DAX Germany ETF Stock Performance

Shares of DAX stock traded up $0.65 on Monday, hitting $44.75. The company had a trading volume of 32,240 shares, compared to its average volume of 53,446. The stock’s 50-day moving average is $44.90 and its two-hundred day moving average is $45.01. Global X DAX Germany ETF has a twelve month low of $40.35 and a twelve month high of $47.70. The firm has a market cap of $224.20 million, a P/E ratio of 18.27 and a beta of 0.95.

Global X DAX Germany ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a dividend of $0.8567 per share. The ex-dividend date was Monday, June 29th.

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.