Global X DAX Germany ETF (NASDAQ:DAX) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Global X DAX Germany ETF (NASDAQ:DAX)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.85 and traded as low as $43.85. Global X DAX Germany ETF shares last traded at $43.89, with a volume of 25,215 shares.

Global X DAX Germany ETF Trading Down 2.1%

The firm has a 50-day moving average of $43.73 and a 200-day moving average of $44.85. The stock has a market capitalization of $255.00 million, a price-to-earnings ratio of 18.27 and a beta of 0.95.

Institutional Investors Weigh In On Global X DAX Germany ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Global X DAX Germany ETF by 707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 707 shares during the last quarter. Spire Wealth Management increased 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 worth $43,000 after buying an additional 400 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Global X DAX Germany ETF during the 4th quarter worth approximately $44,000. AE Wealth Management LLC increased its holdings in shares of 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 worth $76,000 after buying an additional 1,483 shares during the last quarter. Finally, 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 during the last quarter.

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.