Global X Dax Germany ETF (NASDAQ:DAX) Short Interest Up 21.9% in December

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 43,400 shares, a growth of 21.9% from the December 15th total of 35,600 shares. Based on an average trading volume of 14,200 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Laffer Tengler Investments Inc. grew its position in shares of Global X Dax Germany ETF by 10.7% in the third quarter. Laffer Tengler Investments Inc. now owns 7,472 shares of the exchange traded fund’s stock valued at $262,000 after purchasing an additional 723 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in Global X Dax Germany ETF during the 2nd quarter worth $37,000. Finally, Flow Traders U.S. LLC increased its position in Global X Dax Germany ETF by 452.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock worth $2,189,000 after buying an additional 51,058 shares during the period.

Global X Dax Germany ETF Price Performance

Shares of Global X Dax Germany ETF stock opened at $34.79 on Friday. The business has a fifty day simple moving average of $33.76 and a two-hundred day simple moving average of $33.48. Global X Dax Germany ETF has a 1 year low of $29.93 and a 1 year high of $35.35. The company has a market capitalization of $68.88 million, a price-to-earnings ratio of 15.06 and a beta of 1.01.

Global X Dax Germany ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a dividend of $0.0906 per share. The ex-dividend date of this dividend was Monday, December 30th.

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.