Global X Dax Germany ETF (NASDAQ:DAX) Short Interest Up 29.2% in March

Global X Dax Germany ETF (NASDAQ:DAX) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 93,800 shares, an increase of 29.2% from the February 28th total of 72,600 shares. Approximately 4.7% of the shares of the stock are short sold. Based on an average trading volume of 122,200 shares, the days-to-cover ratio is currently 0.8 days.

Global X Dax Germany ETF Trading Down 0.9 %

NASDAQ:DAX traded down $0.34 during trading hours on Monday, hitting $39.08. 204,519 shares of the company were exchanged, compared to its average volume of 45,569. The company has a fifty day simple moving average of $38.33 and a 200 day simple moving average of $35.49. Global X Dax Germany ETF has a one year low of $30.52 and a one year high of $41.55. The stock has a market capitalization of $78.55 million, a price-to-earnings ratio of 19.24 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. grew its holdings in Global X Dax Germany ETF by 32.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,267 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 314 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Global X Dax Germany ETF during the 4th quarter valued at $597,000. Jane Street Group LLC boosted its stake in Global X Dax Germany ETF by 18.0% during the fourth quarter. Jane Street Group LLC now owns 20,211 shares of the exchange traded fund’s stock worth $673,000 after acquiring an additional 3,082 shares in the last quarter. Flow Traders U.S. LLC increased its stake in Global X Dax Germany ETF by 452.3% in the third quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock valued at $2,189,000 after purchasing an additional 51,058 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Global X Dax Germany ETF by 17.9% during the fourth quarter. LPL Financial LLC now owns 84,014 shares of the exchange traded fund’s stock valued at $2,799,000 after purchasing an additional 12,774 shares during the period.

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.