Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Down 32.4% in October

Global X DAX Germany ETF (NASDAQ:DAX) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 51,000 shares, a decline of 32.4% from the September 30th total of 75,400 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 69,400 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 69,400 shares, the short-interest ratio is presently 0.7 days. Currently, 0.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X DAX Germany ETF

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Global X DAX Germany ETF by 672,424.0% during the first quarter. Royal Bank of Canada now owns 168,131 shares of the exchange traded fund’s stock worth $6,574,000 after purchasing an additional 168,106 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Global X DAX Germany ETF in the 2nd quarter valued at $4,768,000. LPL Financial LLC lifted its stake in shares of Global X DAX Germany ETF by 25.3% in the 1st quarter. LPL Financial LLC now owns 105,299 shares of the exchange traded fund’s stock valued at $4,117,000 after purchasing an additional 21,285 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Global X DAX Germany ETF by 413.3% in the 1st 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, Y.D. More Investments Ltd lifted its stake in shares of Global X DAX Germany ETF by 39.0% in the 2nd quarter. Y.D. More Investments Ltd now owns 99,455 shares of the exchange traded fund’s stock valued at $4,463,000 after purchasing an additional 27,915 shares during the last quarter.

Global X DAX Germany ETF Trading Up 0.6%

NASDAQ DAX traded up $0.26 on Monday, reaching $44.22. 25,117 shares of the company were exchanged, compared to its average volume of 129,244. The business’s fifty day moving average price is $44.59 and its 200 day moving average price is $44.08. The stock has a market capitalization of $284.78 million, a P/E ratio of 18.27 and a beta of 1.02. Global X DAX Germany ETF has a fifty-two week low of $32.33 and a fifty-two week high of $46.09.

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.