Global X DAX Germany ETF (NASDAQ:DAX) Sees Large Decline in Short Interest

Global X DAX Germany ETF (NASDAQ:DAX) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 98,684 shares, a decrease of 71.4% from the January 29th total of 344,946 shares. Based on an average trading volume of 69,526 shares, the short-interest ratio is presently 1.4 days. Approximately 1.6% of the shares of the stock are short sold. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 69,526 shares, the short-interest ratio is presently 1.4 days.

Global X DAX Germany ETF Trading Down 0.4%

DAX stock traded down $0.18 during mid-day trading on Friday, reaching $47.29. The company’s stock had a trading volume of 32,818 shares, compared to its average volume of 61,721. The company’s 50 day moving average is $46.55 and its two-hundred day moving average is $45.18. Global X DAX Germany ETF has a fifty-two week low of $34.44 and a fifty-two week high of $47.70. The stock has a market cap of $286.10 million, a PE ratio of 18.27 and a beta of 1.02.

Global X DAX Germany ETF Dividend Announcement

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

Institutional Trading of Global X DAX Germany ETF

Large investors have recently added to or reduced their stakes in the stock. Hamilton Wealth LLC raised its holdings in shares of Global X DAX Germany ETF by 2.2% during the 4th quarter. Hamilton Wealth LLC now owns 193,156 shares of the exchange traded fund’s stock worth $8,812,000 after acquiring an additional 4,097 shares during the period. Marshall Wace LLP grew its holdings in shares of Global X DAX Germany ETF by 27.8% in the fourth quarter. Marshall Wace LLP now owns 6,164 shares of the exchange traded fund’s stock valued at $281,000 after purchasing an additional 1,340 shares during the period. Commonwealth Equity Services LLC increased its position in Global X DAX Germany ETF by 1,484.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 89,991 shares of the exchange traded fund’s stock worth $4,105,000 after purchasing an additional 84,312 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in Global X DAX Germany ETF during the fourth quarter worth about $44,000. Finally, LPL Financial LLC boosted its holdings in Global X DAX Germany ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 92,059 shares of the exchange traded fund’s stock valued at $4,200,000 after purchasing an additional 8,724 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.