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

Global X Dax Germany ETF (NASDAQ:DAX) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $33.84 and traded as high as $35.16. Global X Dax Germany ETF shares last traded at $34.88, with a volume of 6,384 shares traded.

Global X Dax Germany ETF Trading Down 0.3 %

The firm’s fifty day moving average price is $33.84 and its two-hundred day moving average price is $33.24. The stock has a market capitalization of $72.90 million, a PE ratio of 15.06 and a beta of 1.01.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Flow Traders U.S. LLC lifted its position in shares of Global X Dax Germany ETF by 452.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock valued at $2,189,000 after buying an additional 51,058 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Global X Dax Germany ETF in the 2nd quarter worth about $37,000. Finally, Laffer Tengler Investments Inc. increased its stake in Global X Dax Germany ETF by 10.7% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 7,472 shares of the exchange traded fund’s stock worth $262,000 after buying an additional 723 shares in the last quarter.

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.