Global X Dax Germany ETF (NASDAQ:DAX) Sees Significant Growth in Short Interest

Global X Dax Germany ETF (NASDAQ:DAX) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 72,600 shares, an increase of 20.8% from the February 13th total of 60,100 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 67,700 shares, the days-to-cover ratio is currently 1.1 days.

Global X Dax Germany ETF Stock Performance

Shares of DAX stock opened at $41.24 on Thursday. Global X Dax Germany ETF has a 52-week low of $30.52 and a 52-week high of $41.55. The stock has a market cap of $82.89 million, a price-to-earnings ratio of 19.24 and a beta of 1.01. The firm has a fifty day moving average of $37.52 and a 200-day moving average of $35.15.

Global X Dax Germany ETF Dividend Announcement

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

Hedge Funds Weigh In On Global X Dax Germany ETF

A number of hedge funds have recently made changes to their positions in the business. Cape Investment Advisory Inc. raised its stake in shares of Global X Dax Germany ETF by 32.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,267 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 314 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Global X Dax Germany ETF by 18.0% in the 4th quarter. Jane Street Group LLC now owns 20,211 shares of the exchange traded fund’s stock valued at $673,000 after buying an additional 3,082 shares in the last quarter. Osborne Partners Capital Management LLC raised its stake in shares of Global X Dax Germany ETF by 1.1% in the 4th quarter. Osborne Partners Capital Management LLC now owns 663,344 shares of the exchange traded fund’s stock valued at $22,102,000 after buying an additional 6,911 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Global X Dax Germany ETF by 17.9% in the 4th quarter. LPL Financial LLC now owns 84,014 shares of the exchange traded fund’s stock worth $2,799,000 after purchasing an additional 12,774 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new stake in shares of Global X Dax Germany ETF in the 4th quarter worth about $597,000.

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.