Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Down 65.5% in July

Global X DAX Germany ETF (NASDAQ:DAX) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 54,794 shares, a decline of 65.5% from the July 15th total of 158,687 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 34,403 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Global X DAX Germany ETF

Several hedge funds have recently bought and sold shares of DAX. Strait & Sound Wealth Management LLC grew its holdings in Global X DAX Germany ETF by 2.4% during the first quarter. Strait & Sound Wealth Management LLC now owns 14,240 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 337 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Global X DAX Germany ETF by 707.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 707 shares during the period. Parallel Advisors LLC raised its stake in Global X DAX Germany ETF by 13.8% in the first quarter. Parallel Advisors LLC now owns 7,900 shares of the exchange traded fund’s stock valued at $333,000 after buying an additional 960 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Global X DAX Germany ETF in the fourth quarter valued at approximately $44,000. Finally, Marshall Wace LLP lifted 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 buying an additional 1,340 shares during the last quarter.

Global X DAX Germany ETF Price Performance

DAX stock traded up $0.32 during trading hours on Friday, reaching $47.36. The stock had a trading volume of 3,505 shares, compared to its average volume of 51,521. The stock has a market capitalization of $237.27 million, a PE ratio of 18.27 and a beta of 0.94. The stock has a 50-day simple moving average of $45.09 and a 200 day simple moving average of $44.98. Global X DAX Germany ETF has a fifty-two week low of $40.35 and a fifty-two week high of $47.70.

Global X DAX Germany ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a $0.8567 dividend. The ex-dividend date of this dividend was Monday, June 29th.

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.