Global X DAX Germany ETF (NASDAQ:DAX) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Global X DAX Germany ETF (NASDAQ:DAX) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $44.55 and traded as high as $45.06. Global X DAX Germany ETF shares last traded at $44.53, with a volume of 34,230 shares.

Global X DAX Germany ETF Stock Down 1.2%

The firm has a market cap of $281.87 million, a price-to-earnings ratio of 18.27 and a beta of 1.02. The firm has a fifty day moving average price of $44.55 and a 200-day moving average price of $44.29.

Institutional Trading of Global X DAX Germany ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management lifted its holdings in shares of 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 acquiring an additional 250 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Global X DAX Germany ETF during the second quarter worth approximately $42,000. CWM LLC purchased a new position in Global X DAX Germany ETF during the first quarter worth approximately $61,000. AE Wealth Management LLC raised its stake in Global X DAX Germany ETF by 668.0% during the third quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 1,483 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Global X DAX Germany ETF by 1,659.7% in the 1st quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 2,390 shares during the last quarter.

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.