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

Global X Dax Germany ETF (NASDAQ:DAX) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 93,800 shares, an increase of 29.2% from the February 28th total of 72,600 shares. Currently, 4.7% of the shares of the company are short sold. Based on an average daily trading volume, of 122,200 shares, the days-to-cover ratio is currently 0.8 days.

Global X Dax Germany ETF Trading Down 0.2 %

Shares of NASDAQ DAX traded down $0.06 during midday trading on Wednesday, reaching $39.35. 88,217 shares of the company were exchanged, compared to its average volume of 46,776. The stock has a market cap of $203.83 million, a P/E ratio of 19.24 and a beta of 1.01. Global X Dax Germany ETF has a 1 year low of $30.52 and a 1 year high of $41.55. The stock has a fifty day simple moving average of $38.49 and a 200 day simple moving average of $35.57.

Hedge Funds Weigh In On Global X Dax Germany ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC raised its position in Global X Dax Germany ETF by 452.3% in the third quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock worth $2,189,000 after acquiring an additional 51,058 shares in the last quarter. Osborne Partners Capital Management LLC boosted its stake in shares of Global X Dax Germany ETF by 1.1% during the 4th quarter. Osborne Partners Capital Management LLC now owns 663,344 shares of the exchange traded fund’s stock worth $22,102,000 after acquiring an additional 6,911 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Global X Dax Germany ETF in the 4th quarter worth approximately $597,000. Cape Investment Advisory Inc. raised its holdings in Global X Dax Germany ETF by 32.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,267 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 314 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Global X Dax Germany ETF by 17.9% during the fourth quarter. LPL Financial LLC now owns 84,014 shares of the exchange traded fund’s stock worth $2,799,000 after purchasing an additional 12,774 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.