Global X DAX Germany ETF (NASDAQ:DAX) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Global X DAX Germany ETF (NASDAQ:DAX) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $45.09 and traded as low as $44.15. Global X DAX Germany ETF shares last traded at $44.31, with a volume of 16,917 shares.

Global X DAX Germany ETF Trading Down 2.5%

The firm’s 50-day simple moving average is $44.89 and its two-hundred day simple moving average is $45.09. The stock has a market capitalization of $200.72 million, a PE ratio of 18.27 and a beta of 0.96.

Hedge Funds Weigh In On Global X DAX Germany ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAX. Parallel Advisors LLC lifted its holdings in Global X DAX Germany ETF by 13.8% in the 1st quarter. Parallel Advisors LLC now owns 7,900 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 960 shares in the last quarter. Strait & Sound Wealth Management LLC increased its stake in Global X DAX Germany ETF by 2.4% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 14,240 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 337 shares in the last quarter. Nikulski Financial Inc. grew its stake in Global X DAX Germany ETF by 2.4% in the 3rd quarter. Nikulski Financial Inc. now owns 17,555 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 410 shares during the last quarter. Genesee Capital Advisors LLC bought a new position in Global X DAX Germany ETF in the 3rd quarter valued at $1,474,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Global X DAX Germany ETF by 49.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 77,910 shares of the exchange traded fund’s stock valued at $3,262,000 after purchasing an additional 25,661 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.