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

Global X DAX Germany ETF (NASDAQ:DAX) was the target of a large decrease in short interest during the month of 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 daily volume of 69,526 shares, the days-to-cover 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 daily volume of 69,526 shares, the days-to-cover ratio is presently 1.4 days.

Global X DAX Germany ETF Stock Up 0.9%

Shares of DAX stock opened at $47.24 on Thursday. Global X DAX Germany ETF has a 12-month low of $34.44 and a 12-month high of $47.70. The company has a market capitalization of $285.80 million, a P/E ratio of 18.27 and a beta of 1.02. The firm has a 50-day moving average price of $46.46 and a 200 day moving average price of $45.14.

Global X DAX Germany ETF Announces Dividend

The firm also recently declared 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%.

Hedge Funds Weigh In On Global X DAX Germany ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management increased its stake in shares of Global X DAX Germany ETF by 83.3% in the third quarter. Spire Wealth Management now owns 550 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 250 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Global X DAX Germany ETF by 707.0% in 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. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Global X DAX Germany ETF in the 2nd quarter valued at about $42,000. CIBC Private Wealth Group LLC bought a new position in shares of Global X DAX Germany ETF in the fourth quarter worth about $44,000. Finally, AE Wealth Management LLC lifted its position in shares of Global X DAX Germany ETF by 668.0% during the third quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 1,483 shares in 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.