Global X DAX Germany ETF (NASDAQ:DAX) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Global X DAX Germany ETF (NASDAQ:DAX)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $44.28 and traded as high as $45.65. Global X DAX Germany ETF shares last traded at $45.61, with a volume of 22,795 shares trading hands.

Global X DAX Germany ETF Stock Performance

The firm has a market cap of $289.03 million, a price-to-earnings ratio of 18.27 and a beta of 1.02. The company has a 50 day moving average price of $44.30 and a 200 day moving average price of $44.50.

Institutional Investors Weigh In On Global X DAX Germany ETF

A number of institutional investors have recently made changes to their positions in DAX. Royal Bank of Canada raised its stake in shares of 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 during the period. Y.D. More Investments Ltd increased its holdings in Global X DAX Germany ETF by 27.2% in the 3rd quarter. Y.D. More Investments Ltd now owns 126,534 shares of the exchange traded fund’s stock valued at $5,659,000 after purchasing an additional 27,079 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Global X DAX Germany ETF in the second quarter valued at approximately $4,768,000. Jane Street Group LLC lifted its stake in Global X DAX Germany ETF by 413.3% during the first quarter. Jane Street Group LLC now owns 103,748 shares of the exchange traded fund’s stock worth $4,057,000 after purchasing an additional 83,537 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Global X DAX Germany ETF by 4,915.1% during the second quarter. Osaic Holdings Inc. now owns 84,304 shares of the exchange traded fund’s stock worth $3,788,000 after buying an additional 82,623 shares during the period.

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.