Global X DAX Germany ETF (NASDAQ:DAX) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Global X DAX Germany ETF (NASDAQ:DAX) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $44.07 and traded as high as $46.58. Global X DAX Germany ETF shares last traded at $46.31, with a volume of 35,817 shares.

Global X DAX Germany ETF Price Performance

The company has a 50 day moving average price of $44.07 and a two-hundred day moving average price of $44.93. The stock has a market cap of $269.06 million, a PE ratio of 18.27 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DAX. Northwestern Mutual Wealth Management Co. raised its stake in shares of Global X DAX Germany ETF by 707.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 707 shares during the last quarter. Spire Wealth Management raised its stake in shares of Global X DAX Germany ETF by 72.7% in the fourth quarter. Spire Wealth Management now owns 950 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 400 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Global X DAX Germany ETF in the fourth quarter worth $44,000. AE Wealth Management LLC raised its stake in shares of Global X DAX Germany ETF by 668.0% in the third quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 1,483 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Global X DAX Germany ETF by 1,659.7% in the first quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 2,390 shares during 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.