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

Global X Dax Germany ETF (NASDAQ:DAX)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $34.04 and traded as high as $34.25. Global X Dax Germany ETF shares last traded at $34.21, with a volume of 6,563 shares trading hands.

Global X Dax Germany ETF Trading Up 1.2 %

The stock has a 50-day simple moving average of $34.04 and a 200 day simple moving average of $33.17. The stock has a market capitalization of $71.50 million, a price-to-earnings ratio of 15.06 and a beta of 1.01.

Hedge Funds Weigh In On Global X Dax Germany ETF

A number of hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Global X Dax Germany ETF in the 2nd quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new position in Global X Dax Germany ETF during the first quarter valued at approximately $55,000. Laffer Tengler Investments Inc. grew its position in Global X Dax Germany ETF by 10.7% in the third quarter. Laffer Tengler Investments Inc. now owns 7,472 shares of the exchange traded fund’s stock worth $262,000 after acquiring an additional 723 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Global X Dax Germany ETF during the 1st quarter worth $798,000.

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.