Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sees Large Volume Increase – Here’s What Happened

Shares of Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) saw unusually-strong trading volume on Monday. Approximately 14,559 shares were traded during trading, a decline of 14% from the previous session’s volume of 16,876 shares. The stock last traded at $71.6540 and had previously closed at $71.41.

Xtrackers MSCI USA Selection Equity ETF Trading Up 0.6%

The company has a market capitalization of $583.46 million, a price-to-earnings ratio of 26.55 and a beta of 1.04. The firm has a 50-day moving average price of $71.89 and a 200-day moving average price of $69.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. One Capital Management LLC bought a new stake in Xtrackers MSCI USA Selection Equity ETF in the second quarter worth about $1,534,000. Farther Finance Advisors LLC boosted 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 in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF in the 1st quarter worth approximately $33,000.

About Xtrackers MSCI USA Selection Equity ETF

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.