Global X Dax Germany ETF (NASDAQ:DAX) Shares Cross Above 50 Day Moving Average of $32.25

Global X Dax Germany ETF (NASDAQ:DAX)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $32.25 and traded as high as $32.50. Global X Dax Germany ETF shares last traded at $32.46, with a volume of 6,615 shares.

Global X Dax Germany ETF Stock Performance

The firm’s fifty day simple moving average is $32.25 and its 200 day simple moving average is $30.32. The stock has a market capitalization of $55.83 million, a P/E ratio of 14.64 and a beta of 1.01.

Institutional Trading of Global X Dax Germany ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DAX. Osborne Partners Capital Management LLC raised its holdings in Global X Dax Germany ETF by 1.8% in the 4th quarter. Osborne Partners Capital Management LLC now owns 672,099 shares of the exchange traded fund’s stock valued at $20,734,000 after buying an additional 11,636 shares during the last quarter. TAP Consulting LLC increased its position in Global X Dax Germany ETF by 1.4% in the 3rd quarter. TAP Consulting LLC now owns 60,428 shares of the exchange traded fund’s stock valued at $1,642,000 after acquiring an additional 848 shares during the period. Finally, Bank Hapoalim BM bought a new position in shares of Global X Dax Germany ETF during the fourth quarter valued at $201,000.

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.