Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Update
by Teresa Graham · The Cerbat GemGlobal X DAX Germany ETF (NASDAQ:DAX – Get Free Report) was the target of a large increase in short interest in 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. Approximately 5.7% of the company’s stock are short sold. Based on an average daily volume of 73,530 shares, the short-interest ratio is currently 4.7 days. Based on an average daily volume of 73,530 shares, the short-interest ratio is currently 4.7 days. Approximately 5.7% of the company’s stock are short sold.
Institutional Investors Weigh In On Global X DAX Germany ETF
A number of hedge funds have recently bought and sold shares of the business. Spire Wealth Management lifted its stake in 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 worth $25,000 after purchasing an additional 250 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings 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 worth $37,000 after purchasing an additional 707 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Global X DAX Germany ETF in the 2nd quarter worth about $42,000. AE Wealth Management LLC boosted its holdings in shares of Global X DAX Germany ETF by 668.0% in 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 grew its position in shares of Global X DAX Germany ETF by 1,659.7% during the 1st quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock valued at $99,000 after buying an additional 2,390 shares during the last quarter.
Global X DAX Germany ETF Trading Down 0.5%
DAX stock traded down $0.23 during trading on Wednesday, reaching $46.99. The stock had a trading volume of 38,301 shares, compared to its average volume of 68,646. The firm has a fifty day moving average price of $45.97 and a 200 day moving average price of $44.93. The company has a market capitalization of $284.29 million, a P/E 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.
Global X DAX Germany ETF Announces Dividend
The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a $0.085 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 37.0%.
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.