Global X Dax Germany ETF (NASDAQ:DAX) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Global X Dax Germany ETF (NASDAQ:DAX) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $33.26 and traded as high as $34.14. Global X Dax Germany ETF shares last traded at $33.91, with a volume of 2,400 shares trading hands.

Global X Dax Germany ETF Price Performance

The firm’s fifty day simple moving average is $33.26 and its 200 day simple moving average is $32.94. The company has a market capitalization of $72.91 million, a price-to-earnings ratio of 15.06 and a beta of 1.01.

Institutional Investors Weigh In On Global X Dax Germany ETF

Several hedge funds have recently bought and sold shares of DAX. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Global X Dax Germany ETF in the second quarter worth $37,000. Geneos Wealth Management Inc. acquired a new stake in shares of Global X Dax Germany ETF in the first quarter worth about $55,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Global X Dax Germany ETF during the 1st quarter worth about $798,000.

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.