Global X Dax Germany ETF (NASDAQ:DAX) Sees Large Decline in Short Interest

Global X Dax Germany ETF (NASDAQ:DAX) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 24,300 shares, a decline of 14.7% from the June 30th total of 28,500 shares. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Activest Wealth Management bought a new stake in shares of Global X Dax Germany ETF during the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. bought a new stake in shares of Global X Dax Germany ETF during the first quarter valued at approximately $55,000. Bank Hapoalim BM bought a new stake in shares of Global X Dax Germany ETF during the fourth quarter valued at approximately $201,000. Concurrent Investment Advisors LLC bought a new stake in shares of Global X Dax Germany ETF during the first quarter valued at approximately $798,000. Finally, Osborne Partners Capital Management LLC increased its position in shares of Global X Dax Germany ETF by 1.8% during the fourth quarter. Osborne Partners Capital Management LLC now owns 672,099 shares of the exchange traded fund’s stock valued at $20,734,000 after purchasing an additional 11,636 shares during the period.

Global X Dax Germany ETF Price Performance

DAX traded down $0.26 on Monday, hitting $32.30. The company had a trading volume of 4,574 shares, compared to its average volume of 12,812. The company’s fifty day moving average price is $32.76 and its 200 day moving average price is $32.24. Global X Dax Germany ETF has a 1-year low of $25.90 and a 1-year high of $34.25. The stock has a market cap of $72.03 million, a price-to-earnings ratio of 15.06 and a beta of 1.01.

Global X Dax Germany ETF Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.6565 per share. The ex-dividend date of this dividend was Thursday, June 27th.

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.