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

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 72,600 shares, a growth of 20.8% from the February 13th total of 60,100 shares. Based on an average daily trading volume, of 67,700 shares, the days-to-cover ratio is presently 1.1 days. Currently, 3.6% of the company’s stock are sold short.

Institutional Trading of Global X Dax Germany ETF

A number of institutional investors have recently added to or reduced their stakes in DAX. Cape Investment Advisory Inc. raised its holdings in shares of Global X Dax Germany ETF by 32.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,267 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 314 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Global X Dax Germany ETF during the 4th quarter valued at about $597,000. Jane Street Group LLC increased its stake in Global X Dax Germany ETF by 18.0% in the 4th quarter. Jane Street Group LLC now owns 20,211 shares of the exchange traded fund’s stock worth $673,000 after purchasing an additional 3,082 shares during the period. Flow Traders U.S. LLC increased its stake in Global X Dax Germany ETF by 452.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock worth $2,189,000 after purchasing an additional 51,058 shares during the period. Finally, LPL Financial LLC increased its stake in Global X Dax Germany ETF by 17.9% in the 4th quarter. LPL Financial LLC now owns 84,014 shares of the exchange traded fund’s stock worth $2,799,000 after purchasing an additional 12,774 shares during the period.

Global X Dax Germany ETF Stock Down 0.6 %

DAX stock traded down $0.25 during midday trading on Wednesday, hitting $41.24. The company’s stock had a trading volume of 487,815 shares, compared to its average volume of 129,066. The stock’s 50-day moving average price is $37.37 and its 200 day moving average price is $35.10. Global X Dax Germany ETF has a 1 year low of $30.52 and a 1 year high of $41.55. The stock has a market cap of $82.89 million, a price-to-earnings ratio of 19.24 and a beta of 1.01.

Global X Dax Germany ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a dividend of $0.0906 per share. The ex-dividend date of this dividend was Monday, December 30th.

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.