Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Up 349.1% in January

Global X DAX Germany ETF (NASDAQ:DAX) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 344,946 shares, a growth of 349.1% from the January 15th total of 76,802 shares. Approximately 5.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 73,530 shares, the short-interest ratio is currently 4.7 days. Based on an average daily trading volume, of 73,530 shares, the short-interest ratio is currently 4.7 days. Approximately 5.7% of the shares of the stock are short sold.

Institutional Trading of Global X DAX Germany ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management lifted its holdings in Global X DAX Germany ETF by 83.3% during the 3rd quarter. Spire Wealth Management now owns 550 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 250 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Global X DAX Germany ETF by 707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 707 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Global X DAX Germany ETF in the 2nd quarter worth approximately $42,000. CIBC Private Wealth Group LLC bought a new stake in Global X DAX Germany ETF in the fourth quarter worth $44,000. Finally, AE Wealth Management LLC increased its stake in shares of Global X DAX Germany ETF by 668.0% in the third quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 1,483 shares during the period.

Global X DAX Germany ETF Trading Up 0.5%

Shares of DAX traded up $0.22 during trading hours on Friday, reaching $47.12. 35,653 shares of the company’s stock traded hands, compared to its average volume of 67,776. The firm’s 50 day simple moving average is $46.08 and its 200-day simple moving average is $44.96. The stock has a market cap of $285.05 million, a PE ratio of 18.27 and a beta of 1.02. Global X DAX Germany ETF has a 12 month low of $34.44 and a 12 month high of $47.70.

Global X DAX Germany ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 37.0%.

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.