Short Interest in Global X Dax Germany ETF (NASDAQ:DAX) Declines By 6.7%

Global X Dax Germany ETF (NASDAQ:DAX) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 61,700 shares, a decline of 6.7% from the March 15th total of 66,100 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is presently 6.5 days.

Global X Dax Germany ETF Trading Down 1.8 %

NASDAQ:DAX traded down $0.58 during mid-day trading on Tuesday, reaching $31.21. The company’s stock had a trading volume of 2,006 shares, compared to its average volume of 9,977. Global X Dax Germany ETF has a 12-month low of $25.90 and a 12-month high of $33.57. The firm’s fifty day moving average price is $32.10 and its two-hundred day moving average price is $30.11. The stock has a market cap of $53.68 million, a P/E ratio of 9.42 and a beta of 1.01.

Hedge Funds Weigh In On Global X Dax Germany ETF

Hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in shares of Global X Dax Germany ETF during the 1st quarter valued at about $26,000. UBS Group AG grew its stake in shares of Global X Dax Germany ETF by 113.0% during the 1st quarter. UBS Group AG now owns 1,229 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 652 shares during the period. Bank Hapoalim BM bought a new position in shares of Global X Dax Germany ETF during the 4th quarter valued at approximately $201,000. Citadel Advisors LLC bought a new position in shares of Global X Dax Germany ETF during the 4th quarter valued at approximately $236,000. Finally, Flow Traders U.S. LLC bought a new position in Global X Dax Germany ETF in the 1st quarter worth approximately $435,000.

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.