Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Down 65.5% in July

Global X DAX Germany ETF (NASDAQ:DAX) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 54,794 shares, a decrease of 65.5% from the July 15th total of 158,687 shares. Based on an average daily trading volume, of 34,403 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.1% of the company’s stock are short sold.

Global X DAX Germany ETF Stock Up 0.8%

Shares of NASDAQ:DAX traded up $0.36 during trading on Friday, reaching $47.40. 21,491 shares of the company traded hands, compared to its average volume of 51,637. The firm has a fifty day simple moving average of $45.14 and a 200 day simple moving average of $45.00. Global X DAX Germany ETF has a 1-year low of $40.35 and a 1-year high of $47.70. The firm has a market cap of $237.47 million, a P/E ratio of 18.27 and a beta of 0.94.

Global X DAX Germany ETF Dividend Announcement

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

Institutional Investors Weigh In On Global X DAX Germany ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DAX. Northwestern Mutual Wealth Management Co. grew its stake in shares of Global X DAX Germany ETF by 707.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 707 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Global X DAX Germany ETF during the fourth quarter valued at approximately $44,000. Comerica Bank lifted its stake in Global X DAX Germany ETF by 1,659.7% in the first quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock valued at $99,000 after acquiring an additional 2,390 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Global X DAX Germany ETF in the second quarter valued at approximately $188,000. Finally, Value Investment Professionals LLC bought a new stake in Global X DAX Germany ETF in the first quarter worth approximately $233,000.

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.