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

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 24,400 shares, a drop of 6.5% from the October 15th total of 26,100 shares. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Global X Dax Germany ETF during the 2nd quarter worth approximately $37,000. Laffer Tengler Investments Inc. raised 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 worth $262,000 after purchasing an additional 723 shares during the last quarter. Finally, Flow Traders U.S. LLC lifted 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 valued at $2,189,000 after buying an additional 51,058 shares in the last quarter.

Global X Dax Germany ETF Price Performance

DAX opened at $32.98 on Tuesday. The firm has a fifty day moving average price of $33.97 and a 200 day moving average price of $33.23. Global X Dax Germany ETF has a 1 year low of $29.06 and a 1 year high of $35.35. The stock has a market cap of $68.93 million, a P/E ratio of 15.06 and a beta of 1.01.

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.