Global X Dax Germany ETF (NASDAQ:DAX) Sees Large Growth in Short Interest

Global X Dax Germany ETF (NASDAQ:DAX) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 26,700 shares, a growth of 9.4% from the October 31st total of 24,400 shares. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is presently 2.4 days.

Global X Dax Germany ETF Stock Up 0.7 %

Shares of NASDAQ DAX traded up $0.24 during trading on Monday, reaching $34.09. 101,976 shares of the company traded hands, compared to its average volume of 12,621. The firm has a 50 day simple moving average of $33.84 and a 200-day simple moving average of $33.21. Global X Dax Germany ETF has a 52-week low of $29.62 and a 52-week high of $35.35. The stock has a market capitalization of $71.25 million, a PE ratio of 15.06 and a beta of 1.01.

Institutional Investors Weigh In On Global X Dax Germany ETF

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

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.