Global X DAX Germany ETF (NASDAQ:DAX) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Global X DAX Germany ETF (NASDAQ:DAXGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $44.07 and traded as high as $46.58. Global X DAX Germany ETF shares last traded at $46.31, with a volume of 35,817 shares traded.

Global X DAX Germany ETF Stock Performance

The stock has a market cap of $268.13 million, a P/E ratio of 18.27 and a beta of 0.95. The firm’s 50 day moving average is $44.20 and its 200 day moving average is $44.95.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Global X DAX Germany ETF by 707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 707 shares in the last quarter. Spire Wealth Management raised its stake in shares of Global X DAX Germany ETF by 72.7% during the 4th quarter. Spire Wealth Management now owns 950 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 400 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Global X DAX Germany ETF during the 4th quarter worth approximately $44,000. AE Wealth Management LLC raised its stake in shares of Global X DAX Germany ETF by 668.0% during the 3rd quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 1,483 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Global X DAX Germany ETF by 1,659.7% during the 1st quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock worth $99,000 after acquiring an additional 2,390 shares in the last quarter.

About Global X DAX Germany ETF

(Get Free Report)

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.

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