Global X DAX Germany ETF (NASDAQ:DAX) Stock Passes Below 50 Day Moving Average – What’s Next?

Global X DAX Germany ETF (NASDAQ:DAX)’s share price passed 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 trading hands.

Global X DAX Germany ETF Trading Up 1.3%

The company has a market cap of $221.44 million, a P/E ratio of 18.27 and a beta of 0.95. The firm’s 50 day moving average price is $44.90 and its 200-day moving average price is $45.01.

Global X DAX Germany ETF Dividend Announcement

The firm also recently disclosed 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 was Monday, June 29th.

Hedge Funds Weigh In On Global X DAX Germany ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its position in shares of Global X DAX Germany ETF by 1,484.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 89,991 shares of the exchange traded fund’s stock valued at $4,105,000 after acquiring an additional 84,312 shares during the last quarter. Avestar Capital LLC acquired a new position in shares of Global X DAX Germany ETF in the 4th quarter valued at $923,000. Y.D. More Investments Ltd boosted its position in shares of Global X DAX Germany ETF by 13.5% in the 4th quarter. Y.D. More Investments Ltd now owns 143,564 shares of the exchange traded fund’s stock worth $6,563,000 after purchasing an additional 17,030 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Global X DAX Germany ETF by 49.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 77,910 shares of the exchange traded fund’s stock worth $3,262,000 after purchasing an additional 25,661 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Global X DAX Germany ETF by 13.8% during the first quarter. Parallel Advisors LLC now owns 7,900 shares of the exchange traded fund’s stock worth $333,000 after purchasing an additional 960 shares during the period.

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.