Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sees Significant Drop in Short Interest

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 494 shares, a drop of 89.5% from the October 15th total of 4,695 shares. Based on an average daily trading volume, of 9,808 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Xtrackers MSCI USA Selection Equity ETF

Hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC purchased a new position in Xtrackers MSCI USA Selection Equity ETF in the first quarter worth $33,000. Farther Finance Advisors LLC increased its position in shares of Xtrackers MSCI USA Selection Equity ETF by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,606 shares of the company’s stock valued at $328,000 after purchasing an additional 1,088 shares during the last quarter. Finally, One Capital Management LLC purchased a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 2nd quarter valued at $1,534,000.

Xtrackers MSCI USA Selection Equity ETF Price Performance

Shares of NYSEARCA USSG traded down $0.46 during midday trading on Thursday, reaching $69.50. The company’s stock had a trading volume of 11,989 shares, compared to its average volume of 24,896. Xtrackers MSCI USA Selection Equity ETF has a 12-month low of $57.65 and a 12-month high of $73.29. The firm has a 50 day moving average price of $71.40 and a 200-day moving average price of $67.88. The stock has a market capitalization of $564.34 million, a P/E ratio of 26.55 and a beta of 1.03.

Xtrackers MSCI USA Selection Equity ETF Company Profile

The Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) is an exchange-traded fund that is based on the MSCI USA ESG Leaders index. The fund tracks a market cap-weighted index of US large- and mid-cap stocks, screened for environmental, social, and governance characteristics. USSG was launched on Mar 7, 2019 and is managed by Xtrackers.