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

Global X DAX Germany ETF (NASDAQ:DAX) passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 Stock Performance

The company’s fifty day moving average price is $44.97 and its 200 day moving average price is $45.09. The firm has a market capitalization of $264.59 million, a price-to-earnings ratio of 18.27 and a beta of 0.94.

Institutional Trading of Global X DAX Germany ETF

Several hedge funds have recently bought and sold shares of DAX. Royal Bank of Canada lifted its position in Global X DAX Germany ETF by 672,424.0% in the 1st 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 during the last quarter. Commonwealth Equity Services LLC lifted its position in Global X DAX Germany ETF by 1,484.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 89,991 shares of the exchange traded fund’s stock valued at $4,105,000 after purchasing an additional 84,312 shares during the last quarter. Jane Street Group LLC lifted its position in Global X DAX Germany ETF by 413.3% in the 1st quarter. Jane Street Group LLC now owns 103,748 shares of the exchange traded fund’s stock valued at $4,057,000 after purchasing an additional 83,537 shares during the last quarter. Empowered Funds LLC bought a new stake in Global X DAX Germany ETF in the 1st quarter valued at about $2,994,000. Finally, Marshall Wace LLP bought a new stake in Global X DAX Germany ETF in the 2nd quarter valued at about $1,465,000.

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.