Global X Dax Germany ETF (NASDAQ:DAX) Short Interest Up 21.9% in December

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 43,400 shares, a growth of 21.9% from the December 15th total of 35,600 shares. Based on an average daily trading volume, of 14,200 shares, the days-to-cover ratio is currently 3.1 days.

Global X Dax Germany ETF Stock Performance

Shares of NASDAQ:DAX traded up $0.19 during trading on Friday, reaching $34.79. 28,269 shares of the stock were exchanged, compared to its average volume of 23,424. Global X Dax Germany ETF has a 12-month low of $29.93 and a 12-month high of $35.35. The firm’s 50-day moving average price is $33.74 and its 200 day moving average price is $33.45. The firm has a market cap of $68.88 million, a price-to-earnings ratio of 15.06 and a beta of 1.01.

Global X Dax Germany ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were given a $0.0906 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Trading of Global X Dax Germany ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC boosted its holdings in shares of Global X Dax Germany ETF by 452.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock valued at $2,189,000 after buying an additional 51,058 shares during the period. Laffer Tengler Investments Inc. boosted its position in Global X Dax Germany ETF by 10.7% during the 3rd 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 during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Global X Dax Germany ETF during the 2nd quarter valued at about $37,000.

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.