Global X DAX Germany ETF (NASDAQ:DAX) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Global X DAX Germany ETF (NASDAQ:DAXGet Free Report)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $44.97 and traded as high as $45.86. Global X DAX Germany ETF shares last traded at $45.54, with a volume of 14,942 shares changing hands.

Global X DAX Germany ETF Trading Up 1.3%

The stock has a market capitalization of $264.59 million, a P/E ratio of 18.27 and a beta of 0.94. The company’s 50-day moving average is $44.97 and its two-hundred day moving average is $45.09.

Institutional Trading of Global X DAX Germany ETF

Several hedge funds have recently bought and sold shares of DAX. Royal Bank of Canada raised its position in shares of Global X DAX Germany ETF by 672,424.0% during the 1st quarter. Royal Bank of Canada now owns 168,131 shares of the exchange traded fund’s stock worth $6,574,000 after buying an additional 168,106 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Global X DAX Germany ETF by 1,484.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 89,991 shares of the exchange traded fund’s stock worth $4,105,000 after buying an additional 84,312 shares in the last quarter. Jane Street Group LLC raised 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 buying an additional 83,537 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Global X DAX Germany ETF during the 1st quarter worth about $2,994,000. Finally, Marshall Wace LLP bought a new stake in shares of Global X DAX Germany ETF during the 2nd quarter worth about $1,465,000.

Global X DAX Germany ETF Company Profile

(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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