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

Global X DAX Germany ETF (NASDAQ:DAX) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 216,349 shares, a growth of 228.9% from the February 26th total of 65,773 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average trading volume of 83,837 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of Global X DAX Germany ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Hamilton Wealth LLC raised its holdings in 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 valued at $8,812,000 after acquiring an additional 4,097 shares during the period. Marshall Wace LLP grew its position 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 in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Global X DAX Germany ETF by 1,484.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 89,991 shares of the exchange traded fund’s stock valued at $4,105,000 after purchasing an additional 84,312 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of Global X DAX Germany ETF during the 4th quarter valued at $44,000. Finally, LPL Financial LLC lifted its holdings in Global X DAX Germany ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 92,059 shares of the exchange traded fund’s stock worth $4,200,000 after purchasing an additional 8,724 shares in the last quarter.

Global X DAX Germany ETF Stock Performance

Shares of DAX opened at $41.17 on Friday. Global X DAX Germany ETF has a fifty-two week low of $34.44 and a fifty-two week high of $47.70. The business has a 50-day moving average of $45.35 and a 200 day moving average of $44.95. The firm has a market cap of $249.08 million, a P/E ratio of 18.27 and a beta of 1.02.

Global X DAX Germany ETF Announces Dividend

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

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.