Global X Dax Germany ETF (NASDAQ:DAX) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Global X Dax Germany ETF (NASDAQ:DAX) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $36.80 and traded as high as $40.25. Global X Dax Germany ETF shares last traded at $40.06, with a volume of 330,850 shares.

Global X Dax Germany ETF Stock Performance

The firm has a market capitalization of $80.52 million, a PE ratio of 18.81 and a beta of 1.01. The company’s fifty day moving average price is $36.80 and its two-hundred day moving average price is $34.90.

Global X Dax Germany ETF Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Cape Investment Advisory Inc. raised its holdings in Global X Dax Germany ETF by 32.9% in the fourth 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 during the period. Apollon Wealth Management LLC acquired a new stake in Global X Dax Germany ETF in the fourth quarter valued at approximately $597,000. Jane Street Group LLC grew its position in Global X Dax Germany ETF by 18.0% in the fourth quarter. Jane Street Group LLC now owns 20,211 shares of the exchange traded fund’s stock valued at $673,000 after acquiring an additional 3,082 shares in the last quarter. Flow Traders U.S. LLC grew its position 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 acquiring an additional 51,058 shares in the last quarter. Finally, LPL Financial LLC grew its position in Global X Dax Germany ETF by 17.9% in the fourth quarter. LPL Financial LLC now owns 84,014 shares of the exchange traded fund’s stock valued at $2,799,000 after acquiring an additional 12,774 shares in the last quarter.

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.