Global X DAX Germany ETF (NASDAQ:DAX) Sees Large Decrease in Short Interest

Global X DAX Germany ETF (NASDAQ:DAX) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 98,684 shares, a decline of 71.4% from the January 29th total of 344,946 shares. Based on an average daily volume of 69,526 shares, the short-interest ratio is currently 1.4 days. Currently, 1.6% of the shares of the company are sold short. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 69,526 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Global X DAX Germany ETF

A number of institutional investors have recently bought and sold shares of the stock. Spire Wealth Management increased its position in Global X DAX Germany ETF by 83.3% in the third quarter. Spire Wealth Management now owns 550 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 250 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Global X DAX Germany ETF by 707.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 707 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Global X DAX Germany ETF during the 2nd quarter worth approximately $42,000. CIBC Private Wealth Group LLC purchased a new position in Global X DAX Germany ETF during the fourth quarter valued at approximately $44,000. Finally, AE Wealth Management LLC lifted its holdings in 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 valued at $76,000 after purchasing an additional 1,483 shares in the last quarter.

Global X DAX Germany ETF Stock Performance

Shares of NASDAQ DAX traded down $0.18 during midday trading on Friday, hitting $47.29. 32,318 shares of the stock traded hands, compared to its average volume of 61,667. The firm has a market capitalization of $286.10 million, a P/E ratio of 18.27 and a beta of 1.02. Global X DAX Germany ETF has a one year low of $34.44 and a one year high of $47.70. The firm has a 50-day moving average of $46.51 and a two-hundred day moving average of $45.16.

Global X DAX Germany ETF Dividend Announcement

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

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.