Global X Dax Germany ETF (NASDAQ:DAX) Sees Significant Increase in Short Interest

Global X Dax Germany ETF (NASDAQ:DAX) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 93,800 shares, a growth of 29.2% from the February 28th total of 72,600 shares. Based on an average daily trading volume, of 122,200 shares, the short-interest ratio is currently 0.8 days. Approximately 4.7% of the company’s shares are sold short.

Global X Dax Germany ETF Trading Down 0.9 %

Shares of DAX traded down $0.34 during trading hours on Monday, hitting $39.08. 204,519 shares of the stock traded hands, compared to its average volume of 45,569. Global X Dax Germany ETF has a 1-year low of $30.52 and a 1-year high of $41.55. The firm has a market capitalization of $78.55 million, a PE ratio of 19.24 and a beta of 1.01. The business has a fifty day moving average of $38.33 and a 200-day moving average of $35.49.

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. Flow Traders U.S. LLC boosted its holdings in shares of Global X Dax Germany ETF by 452.3% in the third 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 during the period. Osborne Partners Capital Management LLC lifted its stake in Global X Dax Germany ETF by 1.1% during the fourth quarter. Osborne Partners Capital Management LLC now owns 663,344 shares of the exchange traded fund’s stock worth $22,102,000 after purchasing an additional 6,911 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of Global X Dax Germany ETF in the 4th quarter valued at $597,000. Cape Investment Advisory Inc. raised its holdings in shares of Global X Dax Germany ETF by 32.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,267 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 314 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Global X Dax Germany ETF by 17.9% in the fourth quarter. LPL Financial LLC now owns 84,014 shares of the exchange traded fund’s stock valued at $2,799,000 after buying an additional 12,774 shares in 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.