Xtrackers MSCI Emerging Markets Hedged Equity ETF (NYSEARCA:DBEM) Sees Significant Decline in Short Interest

Xtrackers MSCI Emerging Markets Hedged Equity ETF (NYSEARCA:DBEM) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 37,746 shares, a drop of 19.6% from the February 26th total of 46,942 shares. Based on an average daily trading volume, of 13,687 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.5% of the shares of the company are short sold.

Xtrackers MSCI Emerging Markets Hedged Equity ETF Price Performance

Shares of DBEM stock traded up $0.16 during trading hours on Tuesday, reaching $33.15. 442 shares of the company traded hands, compared to its average volume of 13,970. The firm has a 50-day moving average price of $34.88 and a 200 day moving average price of $32.85. The company has a market cap of $81.22 million, a P/E ratio of 14.32 and a beta of 0.49. Xtrackers MSCI Emerging Markets Hedged Equity ETF has a 12-month low of $21.45 and a 12-month high of $38.00.

Hedge Funds Weigh In On Xtrackers MSCI Emerging Markets Hedged Equity ETF

A hedge fund recently bought a new stake in Xtrackers MSCI Emerging Markets Hedged Equity ETF stock. Trust Co. of Vermont acquired a new position in Xtrackers MSCI Emerging Markets Hedged Equity ETF (NYSEARCA:DBEM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 800 shares of the company’s stock, valued at approximately $25,000.

About Xtrackers MSCI Emerging Markets Hedged Equity ETF

The Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of emerging firms hedged for currency exposure. DBEM was launched on Jun 9, 2011 and is managed by Xtrackers.