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

Global X DAX Germany ETF (NASDAQ:DAX) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 51,000 shares, a decrease of 32.4% from the September 30th total of 75,400 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 69,400 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 69,400 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.8% of the shares of the company are sold short.

Global X DAX Germany ETF Stock Down 0.7%

DAX opened at $43.96 on Friday. The firm has a market cap of $283.10 million, a price-to-earnings ratio of 18.27 and a beta of 1.02. Global X DAX Germany ETF has a fifty-two week low of $32.33 and a fifty-two week high of $46.09. The company’s 50-day moving average price is $44.59 and its 200 day moving average price is $44.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Global X DAX Germany ETF by 672,424.0% in the 1st quarter. Royal Bank of Canada now owns 168,131 shares of the exchange traded fund’s stock worth $6,574,000 after purchasing an additional 168,106 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Global X DAX Germany ETF in the 2nd quarter worth about $4,768,000. LPL Financial LLC grew its position in Global X DAX Germany ETF by 25.3% in the 1st quarter. LPL Financial LLC now owns 105,299 shares of the exchange traded fund’s stock worth $4,117,000 after purchasing an additional 21,285 shares during the last quarter. Jane Street Group LLC grew its position in Global X DAX Germany ETF by 413.3% in the 1st quarter. Jane Street Group LLC now owns 103,748 shares of the exchange traded fund’s stock worth $4,057,000 after purchasing an additional 83,537 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its position in Global X DAX Germany ETF by 39.0% in the 2nd quarter. Y.D. More Investments Ltd now owns 99,455 shares of the exchange traded fund’s stock worth $4,463,000 after purchasing an additional 27,915 shares during the last quarter.

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.