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

Xtrackers Russell US Multifactor ETF (NYSEARCA:DEUS) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 15,715 shares, a drop of 37.0% from the February 26th total of 24,949 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 10,137 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Xtrackers Russell US Multifactor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEUS. Pinnacle Bancorp Inc. increased its stake in shares of Xtrackers Russell US Multifactor ETF by 6.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,250 shares of the company’s stock worth $247,000 after acquiring an additional 250 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Xtrackers Russell US Multifactor ETF during the 2nd quarter valued at about $265,000. L & S Advisors Inc boosted its stake in Xtrackers Russell US Multifactor ETF by 4.1% during the third quarter. L & S Advisors Inc now owns 37,716 shares of the company’s stock worth $2,191,000 after acquiring an additional 1,471 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Xtrackers Russell US Multifactor ETF by 42.8% during the second quarter. Ameriprise Financial Inc. now owns 173,475 shares of the company’s stock worth $9,752,000 after acquiring an additional 51,977 shares in the last quarter.

Xtrackers Russell US Multifactor ETF Trading Down 1.0%

NYSEARCA:DEUS opened at $59.58 on Friday. The company has a 50-day moving average price of $61.40 and a 200-day moving average price of $59.28. Xtrackers Russell US Multifactor ETF has a 12 month low of $47.62 and a 12 month high of $63.55. The stock has a market cap of $190.66 million, a price-to-earnings ratio of 18.40 and a beta of 0.93.

Xtrackers Russell US Multifactor ETF Company Profile

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.