Short Interest in Global X DAX Germany ETF (NASDAQ:DAX) Increases By 349.1%

Global X DAX Germany ETF (NASDAQ:DAX) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 344,946 shares, an increase of 349.1% from the January 15th total of 76,802 shares. Based on an average trading volume of 73,530 shares, the short-interest ratio is presently 4.7 days. Approximately 5.7% of the shares of the company are short sold. Approximately 5.7% of the shares of the company are short sold. Based on an average trading volume of 73,530 shares, the short-interest ratio is presently 4.7 days.

Global X DAX Germany ETF Stock Performance

Shares of Global X DAX Germany ETF stock traded down $0.23 on Wednesday, reaching $46.99. 38,301 shares of the company were exchanged, compared to its average volume of 68,646. The firm has a market cap of $284.29 million, a price-to-earnings ratio of 18.27 and a beta of 1.02. Global X DAX Germany ETF has a 1-year low of $34.44 and a 1-year high of $47.66. The company’s 50-day moving average is $45.97 and its two-hundred day moving average is $44.93.

Global X DAX Germany ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 37.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DAX. Spire Wealth Management raised its holdings in shares of Global X DAX Germany ETF by 83.3% during the third quarter. Spire Wealth Management now owns 550 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 250 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Global X DAX Germany ETF by 707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 707 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Global X DAX Germany ETF in the 2nd quarter valued at about $42,000. AE Wealth Management LLC increased its stake in Global X DAX Germany ETF by 668.0% during the 3rd quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 1,483 shares during the period. Finally, 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 worth $99,000 after acquiring an additional 2,390 shares during the period.

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.