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

Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) saw unusually-strong trading volume on Thursday . Approximately 122,364 shares changed hands 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 Price Performance

The business’s fifty day moving average price is $41.79 and its 200-day moving average price is $40.97. The stock has a market capitalization of $2.91 billion, a PE ratio of 24.78 and a beta of 1.00.

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

Xtrackers MSCI USA Climate Action Equity ETF Company Profile

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.