Global X DAX Germany ETF (NASDAQ:DAX) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Global X DAX Germany ETF (NASDAQ:DAX) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $44.27 and traded as high as $45.45. Global X DAX Germany ETF shares last traded at $45.22, with a volume of 24,782 shares changing hands.

Global X DAX Germany ETF Stock Down 0.1%

The business’s 50 day moving average price is $44.27 and its 200-day moving average price is $44.46. The company has a market cap of $286.24 million, a PE ratio of 18.27 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Spire Wealth Management increased its holdings in Global X DAX Germany ETF by 83.3% during the 3rd quarter. Spire Wealth Management now owns 550 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 250 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Global X DAX Germany ETF during the second quarter worth approximately $42,000. AE Wealth Management LLC grew its position in shares of Global X DAX Germany ETF by 668.0% during the third quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 1,483 shares in the last quarter. Comerica Bank increased its stake 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 worth $99,000 after buying an additional 2,390 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Global X DAX Germany ETF in the second quarter valued at $111,000.

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.