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

Global X Dax Germany ETF (NASDAQ:DAX) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 26,300 shares, an increase of 6.9% from the September 15th total of 24,600 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Trading of Global X Dax Germany ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new stake in Global X Dax Germany ETF during the second quarter valued at about $37,000. Geneos Wealth Management Inc. bought a new stake in Global X Dax Germany ETF during the 1st quarter worth approximately $55,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Global X Dax Germany ETF during the first quarter valued at approximately $798,000.

Global X Dax Germany ETF Stock Performance

Shares of NASDAQ DAX traded up $0.12 during midday trading on Thursday, hitting $34.42. 4,727 shares of the company’s stock traded hands, compared to its average volume of 12,435. The firm has a fifty day moving average of $33.65 and a 200 day moving average of $32.99. Global X Dax Germany ETF has a 1 year low of $25.90 and a 1 year high of $35.35. The stock has a market capitalization of $71.94 million, a price-to-earnings ratio of 15.06 and a beta of 1.01.

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.