Short Interest in Global X DAX Germany ETF (NASDAQ:DAX) Decreases By 65.5%

Global X DAX Germany ETF (NASDAQ:DAX) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 54,794 shares, a decline of 65.5% from the July 15th total of 158,687 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 34,403 shares, the days-to-cover ratio is currently 1.6 days.

Global X DAX Germany ETF Stock Up 0.8%

Shares of DAX stock traded up $0.36 on Friday, reaching $47.40. The company had a trading volume of 21,491 shares, compared to its average volume of 51,637. The business’s 50-day moving average is $45.14 and its 200 day moving average is $45.00. Global X DAX Germany ETF has a one year low of $40.35 and a one year high of $47.70. The stock has a market capitalization of $237.47 million, a PE ratio of 18.27 and a beta of 0.94.

Global X DAX Germany ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a $0.8567 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X DAX Germany ETF

A number of hedge funds have recently added to or reduced their stakes in DAX. Strait & Sound Wealth Management LLC increased its holdings in shares of Global X DAX Germany ETF by 2.4% during the first quarter. Strait & Sound Wealth Management LLC now owns 14,240 shares of the exchange traded fund’s stock worth $600,000 after buying an additional 337 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Global X DAX Germany ETF by 707.0% during the 4th 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. Parallel Advisors LLC boosted its holdings in shares of Global X DAX Germany ETF by 13.8% during the 1st quarter. Parallel Advisors LLC now owns 7,900 shares of the exchange traded fund’s stock valued at $333,000 after acquiring an additional 960 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in Global X DAX Germany ETF during the 4th quarter worth $44,000. Finally, Marshall Wace LLP grew its position in Global X DAX Germany ETF by 27.8% during the 4th quarter. Marshall Wace LLP now owns 6,164 shares of the exchange traded fund’s stock worth $281,000 after acquiring an additional 1,340 shares during the last quarter.

Global X DAX Germany ETF Company Profile

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.