Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sees Large Volume Increase – Time to Buy?

Shares of Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) saw strong trading volume on Monday. Approximately 31,077 shares changed hands during mid-day trading, an increase of 88% from the average daily volume of 16,551 shares. The stock last traded at $71.04 and had previously closed at $70.40.

Xtrackers MSCI USA Selection Equity ETF Trading Up 1.5%

The company has a market capitalization of $579.55 million, a P/E ratio of 26.55 and a beta of 1.03. The company’s 50 day moving average is $71.70 and its 200-day moving average is $67.73.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in USSG. Cornerstone Planning Group LLC acquired a new stake in Xtrackers MSCI USA Selection Equity ETF during the 1st quarter worth about $33,000. Farther Finance Advisors LLC boosted its holdings in shares of Xtrackers MSCI USA Selection Equity ETF by 30.9% in 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 position in Xtrackers MSCI USA Selection Equity ETF in the second quarter valued at about $1,534,000.

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.