Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sees Large Volume Increase – Still a Buy?

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) saw an uptick in trading volume on Monday . 282,483 shares changed hands during trading, an increase of 452% from the previous session’s volume of 51,178 shares.The stock last traded at $54.67 and had previously closed at $54.26.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The stock’s 50-day moving average is $53.17 and its two-hundred day moving average is $51.12. The company has a market cap of $776.60 million, a P/E ratio of 16.40 and a beta of 0.62.

Hedge Funds Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of DBEU. Ascentis Independent Advisors purchased a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF in the 1st quarter worth $76,000. Cooksen Wealth LLC increased its position in Xtrackers MSCI Europe Hedged Equity ETF by 31.6% during the second quarter. Cooksen Wealth LLC now owns 47,785 shares of the company’s stock valued at $2,106,000 after acquiring an additional 11,466 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Xtrackers MSCI Europe Hedged Equity ETF by 149.2% during the second quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock valued at $4,842,000 after acquiring an additional 65,754 shares during the last quarter.

Xtrackers MSCI Europe Hedged Equity ETF Company Profile

The Xtrackers MSCI Europe Hedged Equity ETF (DBEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted and currency-hedged index of companies in developed Europe. DBEU was launched on Oct 1, 2013 and is managed by Xtrackers.