Global X Dax Germany ETF (NASDAQ:DAX) Short Interest Update

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 24,400 shares, a drop of 6.5% from the October 15th total of 26,100 shares. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is presently 2.2 days.

Global X Dax Germany ETF Trading Up 0.2 %

DAX opened at $32.98 on Tuesday. The firm has a market cap of $68.93 million, a price-to-earnings ratio of 15.06 and a beta of 1.01. Global X Dax Germany ETF has a 12 month low of $29.06 and a 12 month high of $35.35. The stock has a fifty day moving average price of $33.97 and a 200-day moving average price of $33.23.

Hedge Funds Weigh In On Global X Dax Germany ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Global X Dax Germany ETF in the 2nd quarter valued at about $37,000. Laffer Tengler Investments Inc. lifted its position in Global X Dax Germany ETF by 10.7% during the third quarter. Laffer Tengler Investments Inc. now owns 7,472 shares of the exchange traded fund’s stock valued at $262,000 after acquiring an additional 723 shares during the last quarter. Finally, Flow Traders U.S. LLC boosted 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 valued at $2,189,000 after acquiring an additional 51,058 shares in the last quarter.

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.