Global X Dax Germany ETF (NASDAQ:DAX) Stock Passes Above 50 Day Moving Average – Time to Sell?

Global X Dax Germany ETF (NASDAQ:DAX) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $38.04 and traded as high as $40.60. Global X Dax Germany ETF shares last traded at $40.49, with a volume of 354,890 shares.

Global X Dax Germany ETF Stock Performance

The firm’s 50-day moving average price is $38.24 and its two-hundred day moving average price is $35.41. The stock has a market cap of $79.70 million, a price-to-earnings ratio of 19.24 and a beta of 1.01.

Global X Dax Germany ETF Announces Dividend

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

Institutional Trading of Global X Dax Germany ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cape Investment Advisory Inc. grew its position in Global X Dax Germany ETF by 32.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,267 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 314 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Global X Dax Germany ETF in the 4th quarter valued at $597,000. Jane Street Group LLC grew its holdings in shares of Global X Dax Germany ETF by 18.0% during the 4th quarter. Jane Street Group LLC now owns 20,211 shares of the exchange traded fund’s stock worth $673,000 after purchasing an additional 3,082 shares during the period. Flow Traders U.S. LLC increased its position 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 purchasing an additional 51,058 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Global X Dax Germany ETF by 17.9% in the 4th quarter. LPL Financial LLC now owns 84,014 shares of the exchange traded fund’s stock valued at $2,799,000 after buying an additional 12,774 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.