Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sees Unusually-High Trading Volume – Here’s Why

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) shares saw unusually-strong trading volume on Thursday . Approximately 166,590 shares changed hands during trading, an increase of 524% from the previous session’s volume of 26,701 shares.The stock last traded at $60.61 and had previously closed at $60.87.

Xtrackers MSCI USA Selection Equity ETF Trading Down 0.8%

The company has a 50 day moving average price of $63.64 and a 200 day moving average price of $62.69. The company has a market capitalization of $524.36 million, a price-to-earnings ratio of 26.55 and a beta of 1.03.

Institutional Trading of Xtrackers MSCI USA Selection Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USSG. Farther Finance Advisors LLC raised its holdings in Xtrackers MSCI USA Selection Equity ETF by 33.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,017 shares of the company’s stock worth $62,000 after purchasing an additional 254 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 4th quarter worth approximately $65,000. Sunbelt Securities Inc. acquired a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 3rd quarter worth approximately $199,000. Marshall Wace LLP bought a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the second quarter worth approximately $230,000. Finally, JPMorgan Chase & Co. lifted its holdings in Xtrackers MSCI USA Selection Equity ETF by 96.9% in the second quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock valued at $698,000 after buying an additional 6,041 shares during the period.

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.