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 significant decline in short interest in 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 currently 6.5 days.

Global X Dax Germany ETF Stock Performance

Shares of DAX opened at $31.44 on Wednesday. Global X Dax Germany ETF has a one year low of $25.90 and a one year high of $33.57. The stock has a market capitalization of $54.08 million, a price-to-earnings ratio of 9.42 and a beta of 1.01. The stock has a 50 day moving average price of $32.11 and a 200 day moving average price of $30.14.

Institutional Trading of Global X Dax Germany ETF

Several large investors have recently made changes to their positions in the company. Osborne Partners Capital Management LLC grew 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 in the last quarter. TAP Consulting LLC grew its holdings 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 buying an additional 848 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Global X Dax Germany ETF in the 2nd quarter valued at $1,374,000. LPL Financial LLC purchased a new stake in Global X Dax Germany ETF in the 1st quarter valued at $1,378,000. Finally, Jane Street Group LLC grew its holdings in Global X Dax Germany ETF by 1.4% in the 1st quarter. Jane Street Group LLC now owns 34,847 shares of the exchange traded fund’s stock valued at $980,000 after buying an additional 498 shares in 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.