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

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 60,100 shares, an increase of 33.6% from the January 31st total of 45,000 shares. Based on an average trading volume of 29,500 shares, the days-to-cover ratio is presently 2.0 days.

Global X Dax Germany ETF Trading Down 2.2 %

Shares of NASDAQ:DAX traded down $0.87 during trading on Tuesday, reaching $38.30. 61,801 shares of the company traded hands, compared to its average volume of 43,537. Global X Dax Germany ETF has a 52-week low of $30.52 and a 52-week high of $39.66. The firm has a market capitalization of $76.98 million, a price-to-earnings ratio of 18.81 and a beta of 1.01. The business’s fifty day moving average is $35.90 and its 200-day moving average is $34.58.

Global X Dax Germany ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a dividend of $0.0906 per share. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On Global X Dax Germany ETF

A number of hedge funds have recently modified their holdings of DAX. Apollon Wealth Management LLC purchased a new stake in Global X Dax Germany ETF in the 4th quarter worth approximately $597,000. Laffer Tengler Investments Inc. lifted 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 acquiring an additional 723 shares during the period. Flow Traders U.S. LLC lifted its stake 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 acquiring an additional 51,058 shares during the period. Osborne Partners Capital Management LLC increased its position in Global X Dax Germany ETF by 1.1% during the 4th quarter. Osborne Partners Capital Management LLC now owns 663,344 shares of the exchange traded fund’s stock valued at $22,102,000 after purchasing an additional 6,911 shares during the period. Finally, Cape Investment Advisory Inc. increased its position in 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 valued at $42,000 after purchasing an additional 314 shares during the period.

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.