Global X Dax Germany ETF (NASDAQ:DAX) Short Interest Down 6.5% in October

Global X Dax Germany ETF (NASDAQ:DAX) saw a significant drop in short interest during 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 trading volume of 10,900 shares, the days-to-cover ratio is presently 2.2 days.

Global X Dax Germany ETF Trading Up 0.3 %

DAX stock traded up $0.09 during midday trading on Monday, hitting $32.99. 4,295 shares of the company’s stock were exchanged, compared to its average volume of 12,278. The business has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $33.23. The stock has a market capitalization of $68.95 million, a PE ratio of 15.06 and a beta of 1.01. Global X Dax Germany ETF has a 1-year low of $29.06 and a 1-year high of $35.35.

Institutional Investors Weigh In On Global X Dax Germany ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Laffer Tengler Investments Inc. increased its stake in Global X Dax Germany ETF by 10.7% during the third quarter. Laffer Tengler Investments Inc. now owns 7,472 shares of the exchange traded fund’s stock worth $262,000 after acquiring an additional 723 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Global X Dax Germany ETF during the second quarter worth $37,000. Finally, Flow Traders U.S. LLC increased its stake in Global X Dax Germany ETF by 452.3% during the third quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock worth $2,189,000 after acquiring an additional 51,058 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.