Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Update

Global X DAX Germany ETF (NASDAQ:DAX) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 65,773 shares, a decrease of 33.3% from the February 12th total of 98,684 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 35,224 shares, the short-interest ratio is currently 1.9 days. Based on an average daily trading volume, of 35,224 shares, the short-interest ratio is currently 1.9 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Global X DAX Germany ETF

Several institutional investors have recently modified their holdings of the business. Comerica Bank raised its position in Global X DAX Germany ETF by 1,659.7% in the 1st quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock worth $99,000 after buying an additional 2,390 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Global X DAX Germany ETF by 672,424.0% in the first quarter. Royal Bank of Canada now owns 168,131 shares of the exchange traded fund’s stock worth $6,574,000 after acquiring an additional 168,106 shares during the period. Empowered Funds LLC bought a new stake in shares of Global X DAX Germany ETF in the first quarter worth approximately $2,994,000. Jane Street Group LLC raised its holdings in shares of 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 valued at $4,057,000 after purchasing an additional 83,537 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Global X DAX Germany ETF during the second quarter valued at approximately $787,000.

Global X DAX Germany ETF Stock Performance

Shares of DAX traded down $0.66 on Friday, hitting $42.36. 50,803 shares of the stock traded hands, compared to its average volume of 66,349. Global X DAX Germany ETF has a one year low of $34.44 and a one year high of $47.70. The company has a market capitalization of $256.28 million, a PE ratio of 18.27 and a beta of 1.02. The business has a 50 day simple moving average of $46.26 and a 200 day simple moving average of $45.11.

Global X DAX Germany ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a $0.085 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 37.0%.

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.