Global X Dax Germany ETF (NASDAQ:DAX) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Global X Dax Germany ETF (NASDAQ:DAX)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $33.94 and traded as high as $34.39. Global X Dax Germany ETF shares last traded at $34.15, with a volume of 2,638 shares.

Global X Dax Germany ETF Price Performance

The firm’s fifty day moving average price is $33.94 and its 200-day moving average price is $33.04. The company has a market capitalization of $72.40 million, a price-to-earnings ratio of 15.06 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Global X Dax Germany ETF during the second quarter worth $37,000. Concurrent Investment Advisors LLC bought a new stake in shares of Global X Dax Germany ETF in the first quarter worth $798,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Global X Dax Germany ETF in the first quarter worth $55,000.

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.