Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sees Strong Trading Volume – Here’s What Happened

Shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) saw unusually-high trading volume on Wednesday . Approximately 18,817 shares were traded during trading, a decline of 72% from the previous session’s volume of 67,489 shares.The stock last traded at $41.14 and had previously closed at $41.12.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The business’s fifty day simple moving average is $41.75 and its 200 day simple moving average is $41.78. The stock has a market cap of $540.28 million, a price-to-earnings ratio of 16.15 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sierra Capital LLC boosted its position in Xtrackers MSCI Europe Hedged Equity ETF by 264.6% during the 2nd quarter. Sierra Capital LLC now owns 41,139 shares of the company’s stock valued at $1,710,000 after purchasing an additional 29,857 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF during the third quarter valued at $690,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF during the second quarter valued at $276,000.

Xtrackers MSCI Europe Hedged Equity ETF Company Profile

The Xtrackers MSCI Europe Hedged Equity ETF (DBEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted and currency-hedged index of companies in developed Europe. DBEU was launched on Oct 1, 2013 and is managed by Xtrackers.