Global X DAX Germany ETF (NASDAQ:DAX) Stock Passes Below 50-Day Moving Average – Here’s Why

Global X DAX Germany ETF (NASDAQ:DAX)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $44.89 and traded as low as $43.41. Global X DAX Germany ETF shares last traded at $43.63, with a volume of 42,067 shares.

Global X DAX Germany ETF Trading Down 1.6%

The firm has a market cap of $218.59 million, a PE ratio of 18.27 and a beta of 0.95. The business has a fifty day moving average price of $44.89 and a 200 day moving average price of $45.02.

Global X DAX Germany ETF Dividend Announcement

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

Institutional Trading of Global X DAX Germany ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osborne Partners Capital Management LLC lifted its position in shares of Global X DAX Germany ETF by 1.5% during the 1st quarter. Osborne Partners Capital Management LLC now owns 618,608 shares of the exchange traded fund’s stock worth $26,081,000 after buying an additional 9,294 shares during the last quarter. Hamilton Wealth LLC grew its position in shares of Global X DAX Germany ETF by 2.2% in the 4th quarter. Hamilton Wealth LLC now owns 193,156 shares of the exchange traded fund’s stock valued at $8,812,000 after buying an additional 4,097 shares during the last quarter. Royal Bank of Canada grew its position in shares of Global X DAX Germany ETF by 672,424.0% in the 1st quarter. Royal Bank of Canada now owns 168,131 shares of the exchange traded fund’s stock valued at $6,574,000 after buying an additional 168,106 shares during the last quarter. Y.D. More Investments Ltd grew its position in shares of Global X DAX Germany ETF by 4.4% in the 1st quarter. Y.D. More Investments Ltd now owns 149,894 shares of the exchange traded fund’s stock valued at $6,256,000 after buying an additional 6,330 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Global X DAX Germany ETF by 413.3% during the 1st 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 in the last quarter.

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.