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

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) shares saw unusually-high trading volume on Monday. Approximately 202,086 shares were traded during mid-day trading, an increase of 1,106% from the average daily volume of 16,755 shares. The stock last traded at $69.63 and had previously closed at $68.55.

Xtrackers MSCI USA Selection Equity ETF Trading Up 1.8%

The stock’s 50 day moving average price is $71.53 and its 200 day moving average price is $67.81. The company has a market capitalization of $566.44 million, a price-to-earnings ratio of 26.55 and a beta of 1.03.

Hedge Funds Weigh In On Xtrackers MSCI USA Selection Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. One Capital Management LLC bought a new stake in Xtrackers MSCI USA Selection Equity ETF during the 2nd quarter worth $1,534,000. Farther Finance Advisors LLC raised its position in Xtrackers MSCI USA Selection Equity ETF by 30.9% in the third 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, Cornerstone Planning Group LLC bought a new position in Xtrackers MSCI USA Selection Equity ETF in the first quarter valued at about $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.