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

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 26,700 shares, a growth of 9.4% from the October 31st total of 24,400 shares. Based on an average trading volume of 11,100 shares, the short-interest ratio is presently 2.4 days.

Institutional Trading of Global X Dax Germany ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new stake in Global X Dax Germany ETF during the second quarter valued at about $37,000. Laffer Tengler Investments Inc. lifted its position in shares of Global X Dax Germany ETF by 10.7% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 7,472 shares of the exchange traded fund’s stock valued at $262,000 after buying an additional 723 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its stake in shares of Global X Dax Germany ETF by 452.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock valued at $2,189,000 after acquiring an additional 51,058 shares during the period.

Global X Dax Germany ETF Price Performance

DAX stock opened at $34.14 on Wednesday. Global X Dax Germany ETF has a 1 year low of $29.62 and a 1 year high of $35.35. The company has a market cap of $71.35 million, a P/E ratio of 15.06 and a beta of 1.01. The stock’s fifty day moving average price is $33.84 and its 200-day moving average price is $33.21.

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.