Global X DAX Germany ETF (NASDAQ:DAX) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Global X DAX Germany ETF (NASDAQ:DAX) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $45.11 and traded as low as $44.21. Global X DAX Germany ETF shares last traded at $44.40, with a volume of 362,539 shares.

Global X DAX Germany ETF Stock Performance

The firm has a 50 day moving average of $45.11 and a two-hundred day moving average of $45.12. The stock has a market cap of $239.76 million, a P/E ratio of 18.27 and a beta of 0.95.

Global X DAX Germany ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a dividend of $0.8567 per share. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On Global X DAX Germany ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of Global X DAX Germany ETF by 672,424.0% during the 1st quarter. Royal Bank of Canada now owns 168,131 shares of the exchange traded fund’s stock worth $6,574,000 after purchasing an additional 168,106 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Global X DAX Germany ETF by 1,484.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 89,991 shares of the exchange traded fund’s stock valued at $4,105,000 after buying an additional 84,312 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Global X DAX Germany ETF by 413.3% in the first quarter. Jane Street Group LLC now owns 103,748 shares of the exchange traded fund’s stock valued at $4,057,000 after buying an additional 83,537 shares during the period. Empowered Funds LLC bought a new stake in shares of Global X DAX Germany ETF in the first quarter valued at about $2,994,000. Finally, Marshall Wace LLP acquired a new stake in Global X DAX Germany ETF during the second quarter worth about $1,465,000.

Global X DAX Germany ETF Company Profile

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.