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

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 72,600 shares, an increase of 20.8% from the February 13th total of 60,100 shares. Based on an average daily trading volume, of 67,700 shares, the short-interest ratio is currently 1.1 days. Approximately 3.6% of the company’s shares are short sold.

Global X Dax Germany ETF Price Performance

Shares of DAX stock traded up $0.30 during trading on Tuesday, hitting $41.49. 706,359 shares of the stock traded hands, compared to its average volume of 35,630. Global X Dax Germany ETF has a 52-week low of $30.52 and a 52-week high of $41.97. The firm has a market capitalization of $83.39 million, a P/E ratio of 19.24 and a beta of 1.01. The firm’s fifty day moving average price is $37.37 and its 200-day moving average price is $35.10.

Global X Dax Germany ETF Announces Dividend

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

Hedge Funds Weigh In On Global X Dax Germany ETF

Several large investors have recently modified their holdings of the business. Apollon Wealth Management LLC purchased a new stake in Global X Dax Germany ETF in the 4th quarter valued at about $597,000. Flow Traders U.S. LLC boosted 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 buying an additional 51,058 shares during the period. Osborne Partners Capital Management LLC increased its position in shares of 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 valued at $22,102,000 after acquiring an additional 6,911 shares during the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Global X Dax Germany ETF by 32.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,267 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 314 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Global X Dax Germany ETF by 18.0% in the 4th quarter. Jane Street Group LLC now owns 20,211 shares of the exchange traded fund’s stock worth $673,000 after acquiring an additional 3,082 shares during the last quarter.

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.