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

Shares of Global X DAX Germany ETF (NASDAQ:DAX) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $45.08 and traded as high as $45.58. Global X DAX Germany ETF shares last traded at $45.25, with a volume of 30,110 shares.

Global X DAX Germany ETF Price Performance

The company has a market capitalization of $247.52 million, a price-to-earnings ratio of 18.27 and a beta of 0.95. The firm has a fifty day simple moving average of $45.09 and a 200 day simple moving average of $45.13.

Global X DAX Germany ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th will be given a dividend of $0.8567 per share. The ex-dividend date is Monday, June 29th.

Institutional Investors Weigh In On Global X DAX Germany ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAX. Royal Bank of Canada lifted its holdings 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 valued at $6,574,000 after purchasing an additional 168,106 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Global X DAX Germany ETF by 1,484.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 89,991 shares of the exchange traded fund’s stock worth $4,105,000 after purchasing an additional 84,312 shares in the last quarter. Jane Street Group LLC raised its position in shares of Global X DAX Germany ETF by 413.3% during the 1st quarter. Jane Street Group LLC now owns 103,748 shares of the exchange traded fund’s stock worth $4,057,000 after purchasing an additional 83,537 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Global X DAX Germany ETF during the 1st quarter worth about $2,994,000. Finally, Marshall Wace LLP purchased a new position in Global X DAX Germany ETF in the 2nd quarter valued at about $1,465,000.

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.