Global X Dax Germany ETF (NASDAQ:DAX) Sees Significant Increase in Short Interest

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 72,600 shares, a growth of 20.8% from the February 13th total of 60,100 shares. Based on an average trading volume of 67,700 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.6% of the shares of the stock are sold short.

Global X Dax Germany ETF Stock Performance

Shares of NASDAQ:DAX traded up $0.30 during trading on Tuesday, reaching $41.49. The stock had a trading volume of 706,359 shares, compared to its average volume of 35,630. Global X Dax Germany ETF has a 1-year low of $30.52 and a 1-year high of $41.97. The stock has a market cap of $83.39 million, a PE ratio of 19.24 and a beta of 1.01. The business has a fifty day moving average price of $37.37 and a 200-day moving average price of $35.10.

Global X Dax Germany ETF Dividend Announcement

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

Institutional Investors Weigh In On Global X Dax Germany ETF

A number of large investors have recently modified their holdings of DAX. Cape Investment Advisory Inc. increased its holdings in shares of 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 valued at $42,000 after purchasing an additional 314 shares during the last quarter. Jane Street Group LLC grew its holdings in Global X Dax Germany ETF by 18.0% in the 4th quarter. Jane Street Group LLC now owns 20,211 shares of the exchange traded fund’s stock valued at $673,000 after buying an additional 3,082 shares in the last quarter. Osborne Partners Capital Management LLC increased its stake in shares of Global X Dax Germany ETF by 1.1% in the 4th quarter. Osborne Partners Capital Management LLC now owns 663,344 shares of the exchange traded fund’s stock worth $22,102,000 after acquiring an additional 6,911 shares during the last quarter. LPL Financial LLC increased its stake in shares of 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 worth $2,799,000 after acquiring an additional 12,774 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in shares of Global X Dax Germany ETF during the 4th quarter worth $597,000.

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.