Global X Dax Germany ETF (NASDAQ:DAX) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Global X Dax Germany ETF (NASDAQ:DAX)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.04 and traded as high as $34.25. Global X Dax Germany ETF shares last traded at $34.21, with a volume of 6,563 shares.

Global X Dax Germany ETF Stock Performance

The firm has a market cap of $71.50 million, a price-to-earnings ratio of 15.06 and a beta of 1.01. The stock’s fifty day moving average is $34.04 and its two-hundred day moving average is $33.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DAX. Geneos Wealth Management Inc. acquired a new position in shares of Global X Dax Germany ETF during the first quarter worth approximately $55,000. Concurrent Investment Advisors LLC bought a new position in shares of Global X Dax Germany ETF in the first quarter worth $798,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Global X Dax Germany ETF in the second quarter worth $37,000. Finally, Laffer Tengler Investments Inc. increased its holdings in shares of Global X Dax Germany ETF by 10.7% during the third quarter. Laffer Tengler Investments Inc. now owns 7,472 shares of the exchange traded fund’s stock valued at $262,000 after purchasing an additional 723 shares during the period.

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.