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

Global X DAX Germany ETF (NASDAQ:DAX) saw a significant 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. Based on an average trading volume of 59,948 shares, the short-interest ratio is presently 2.6 days. Approximately 3.2% of the shares of the company are short sold.

Global X DAX Germany ETF Stock Performance

Shares of NASDAQ:DAX traded up $0.11 during midday trading on Tuesday, hitting $44.89. The company’s stock had a trading volume of 38,779 shares, compared to its average volume of 53,314. The stock’s 50 day simple moving average is $44.90 and its 200 day simple moving average is $44.99. The stock has a market capitalization of $224.90 million, a price-to-earnings ratio of 18.27 and a beta of 0.95. Global X DAX Germany ETF has a fifty-two week low of $40.35 and a fifty-two week high of $47.70.

Global X DAX Germany ETF Dividend Announcement

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

Institutional Inflows and Outflows

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

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.