Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) Sees Large Volume Increase – Still a Buy?

Shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) saw unusually-high trading volume on Thursday . Approximately 122,364 shares were traded during trading, an increase of 579% from the previous session’s volume of 18,011 shares.The stock last traded at $41.81 and had previously closed at $41.49.

Xtrackers MSCI USA Climate Action Equity ETF Stock Performance

The business has a 50 day moving average price of $41.79 and a 200-day moving average price of $40.97. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 24.78 and a beta of 1.00.

Institutional Investors Weigh In On Xtrackers MSCI USA Climate Action Equity ETF

An institutional investor recently bought a new position in Xtrackers MSCI USA Climate Action Equity ETF stock. Flow Traders U.S. LLC purchased a new stake in Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 241,549 shares of the company’s stock, valued at approximately $9,946,000. Flow Traders U.S. LLC owned 0.31% of Xtrackers MSCI USA Climate Action Equity ETF at the end of the most recent quarter.

About Xtrackers MSCI USA Climate Action Equity ETF

The Xtrackers MSCI USA Climate Action Equity ETF (USCA) is an exchange-traded fund that is based on the MSCI USA Climate Action index. The fund tracks a market cap-weighted index of large- and mid-cap US stocks, selected as a leader in their respective GICS sector for emphasizing climate-friendly objectives. The process screens securities based on ESG research from MSCI. USCA was launched on Apr 4, 2023 and is managed by Xtrackers.