Global X DAX Germany ETF (NASDAQ:DAX) Short Interest Down 65.5% in July

Global X DAX Germany ETF (NASDAQ:DAX) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 54,794 shares, a decline of 65.5% from the July 15th total of 158,687 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 34,403 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Global X DAX Germany ETF

A number of large investors have recently modified their holdings of DAX. Comerica Bank increased its position in shares of Global X DAX Germany ETF by 1,659.7% in the first quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock valued at $99,000 after acquiring an additional 2,390 shares during the last quarter. Royal Bank of Canada grew its stake in Global X DAX Germany ETF by 672,424.0% in the first quarter. Royal Bank of Canada now owns 168,131 shares of the exchange traded fund’s stock valued at $6,574,000 after purchasing an additional 168,106 shares in the last quarter. Empowered Funds LLC bought a new position in Global X DAX Germany ETF in the first quarter valued at approximately $2,994,000. Jane Street Group LLC increased its position in shares of Global X DAX Germany ETF by 413.3% during the 1st quarter. Jane Street Group LLC now owns 103,748 shares of the exchange traded fund’s stock worth $4,057,000 after purchasing an additional 83,537 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Global X DAX Germany ETF during the 2nd quarter worth approximately $1,465,000.

Global X DAX Germany ETF Price Performance

NASDAQ:DAX traded up $0.32 during trading hours on Friday, reaching $47.36. 3,505 shares of the stock were exchanged, compared to its average volume of 51,521. The stock has a market cap of $237.27 million, a PE ratio of 18.27 and a beta of 0.94. Global X DAX Germany ETF has a twelve month low of $40.35 and a twelve month high of $47.70. The firm has a 50 day moving average of $45.09 and a 200 day moving average of $44.98.

Global X DAX Germany ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a $0.8567 dividend. The ex-dividend date was Monday, June 29th.

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.