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

Shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) saw strong trading volume on Thursday . 245,554 shares changed hands during trading, an increase of 260% from the previous session’s volume of 68,151 shares.The stock last traded at $40.9090 and had previously closed at $41.41.

Xtrackers MSCI USA Climate Action Equity ETF Trading Down 1.5%

The company’s 50 day moving average is $41.90 and its 200-day moving average is $41.22. The company has a market capitalization of $2.80 billion, a P/E ratio of 24.78 and a beta of 1.00.

Hedge Funds Weigh In On 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 bought a new stake in shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 241,549 shares of the company’s stock, valued at approximately $9,946,000. Flow Traders U.S. LLC owned approximately 0.31% of Xtrackers MSCI USA Climate Action Equity ETF as of its most recent filing with the Securities & Exchange Commission.

About Xtrackers MSCI USA Climate Action Equity ETF

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.