Xtrackers Russell US Multifactor ETF (NYSEARCA:DEUS) Sees Significant Drop in Short Interest

Xtrackers Russell US Multifactor ETF (NYSEARCA:DEUS) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 22,187 shares, a decrease of 37.2% from the May 14th total of 35,342 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 6,515 shares, the days-to-cover ratio is presently 3.4 days.

Xtrackers Russell US Multifactor ETF Stock Performance

NYSEARCA DEUS traded up $0.10 during trading on Wednesday, hitting $65.66. 1,510 shares of the company’s stock traded hands, compared to its average volume of 21,470. The stock has a market capitalization of $265.92 million, a price-to-earnings ratio of 18.40 and a beta of 0.87. Xtrackers Russell US Multifactor ETF has a 12-month low of $54.64 and a 12-month high of $66.04. The business has a 50 day moving average of $63.33 and a 200-day moving average of $61.39.

Institutional Trading of Xtrackers Russell US Multifactor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of Xtrackers Russell US Multifactor ETF by 93.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 335,885 shares of the company’s stock valued at $19,500,000 after purchasing an additional 162,410 shares during the period. L & S Advisors Inc raised its stake in shares of Xtrackers Russell US Multifactor ETF by 4.1% during the 3rd quarter. L & S Advisors Inc now owns 37,716 shares of the company’s stock valued at $2,191,000 after purchasing an additional 1,471 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of Xtrackers Russell US Multifactor ETF during the 2nd quarter valued at $265,000.

About Xtrackers Russell US Multifactor ETF

The Xtrackers Russell US Multifactor ETF (DEUS) is an exchange-traded fund that is based on the Russell 1000 Comprehensive Factor index. The fund selects and weights securities within the Russell 1000 by five different factors. DEUS was launched on Nov 24, 2015 and is managed by Xtrackers.