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-high trading volume on Thursday . Approximately 33,695 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 25,601 shares.The stock last traded at $59.56 and had previously closed at $60.19.

Xtrackers MSCI USA Selection Equity ETF Price Performance

The firm has a market cap of $520.71 million, a price-to-earnings ratio of 26.55 and a beta of 1.03. The stock has a 50-day moving average of $62.65 and a 200-day moving average of $62.69.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new position in Xtrackers MSCI USA Selection Equity ETF in the third quarter valued at about $6,443,000. JPMorgan Chase & Co. grew its stake in Xtrackers MSCI USA Selection Equity ETF by 96.9% during the second quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock worth $698,000 after buying an additional 6,041 shares in the last quarter. Marshall Wace LLP bought a new position in Xtrackers MSCI USA Selection Equity ETF in the 2nd quarter valued at about $230,000. Sunbelt Securities Inc. acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF in the 3rd quarter valued at approximately $199,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF in the 4th quarter valued at approximately $65,000.

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.