Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Update

Global X DAX Germany ETF (NASDAQ:DAX) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 158,687 shares, a growth of 176.9% from the June 30th total of 57,305 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 59,948 shares, the days-to-cover ratio is currently 2.6 days.

Global X DAX Germany ETF Trading Up 0.5%

Shares of Global X DAX Germany ETF stock opened at $45.01 on Wednesday. The business’s fifty day moving average price is $44.91 and its 200 day moving average price is $44.98. Global X DAX Germany ETF has a twelve month low of $40.35 and a twelve month high of $47.70. The stock has a market capitalization of $225.50 million, a P/E ratio of 18.27 and a beta of 0.95.

Global X DAX Germany ETF Announces Dividend

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

Institutional Investors Weigh In On Global X DAX Germany ETF

Several institutional investors have recently bought and sold shares of DAX. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $37,000 after acquiring an additional 707 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Global X DAX Germany ETF by 72.7% during the 4th quarter. Spire Wealth Management now owns 950 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Global X DAX Germany ETF in the 4th quarter valued at $44,000. Comerica Bank increased its holdings in 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 purchasing an additional 2,390 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Global X DAX Germany ETF in the second quarter valued at about $188,000.

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.