Global X Dax Germany ETF (NASDAQ:DAX) Short Interest Up 21.9% in December

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 43,400 shares, a growth of 21.9% from the December 15th total of 35,600 shares. Based on an average trading volume of 14,200 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Flow Traders U.S. LLC lifted its stake in shares of Global X Dax Germany ETF by 452.3% during the 3rd 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. Laffer Tengler Investments Inc. increased its stake in 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 purchasing an additional 723 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Global X Dax Germany ETF during the second quarter worth $37,000.

Global X Dax Germany ETF Trading Up 0.5 %

Shares of DAX opened at $34.79 on Friday. Global X Dax Germany ETF has a twelve month low of $29.93 and a twelve month high of $35.35. The company’s fifty day simple moving average is $33.76 and its 200-day simple moving average is $33.48. The company has a market cap of $68.88 million, a P/E ratio of 15.06 and a beta of 1.01.

Global X Dax Germany ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a $0.0906 dividend. The ex-dividend date was Monday, December 30th.

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.