Global X DAX Germany ETF (NASDAQ:DAX) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Global X DAX Germany ETF (NASDAQ:DAX) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.74 and traded as high as $46.39. Global X DAX Germany ETF shares last traded at $46.13, with a volume of 46,867 shares trading hands.

Global X DAX Germany ETF Stock Performance

The stock has a fifty day simple moving average of $45.74 and a two-hundred day simple moving average of $44.90. The stock has a market cap of $279.09 million, a price-to-earnings 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 paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 37.0%.

Institutional Investors Weigh In On Global X DAX Germany ETF

Hedge funds have recently made changes to their positions in the stock. Spire Wealth Management increased its position in Global X DAX Germany ETF by 83.3% during the 3rd quarter. Spire Wealth Management now owns 550 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Global X DAX Germany ETF during the second quarter worth $42,000. AE Wealth Management LLC increased its holdings in shares of Global X DAX Germany ETF by 668.0% during the third quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 1,483 shares in the last quarter. Comerica Bank lifted its stake in shares of 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 valued at $99,000 after acquiring an additional 2,390 shares during the last quarter. Finally, Simplex Trading LLC boosted its holdings in shares of Global X DAX Germany ETF by 1,185.3% during the 2nd quarter. Simplex Trading LLC now owns 3,496 shares of the exchange traded fund’s stock valued at $157,000 after acquiring an additional 3,224 shares in the last quarter.

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.