Xtrackers Cybersecurity Select Equity ETF (NASDAQ:PSWD) Sees Significant Drop in Short Interest

Xtrackers Cybersecurity Select Equity ETF (NASDAQ:PSWD) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,229 shares, a decline of 56.9% from the July 15th total of 7,487 shares. Based on an average trading volume of 1,382 shares, the short-interest ratio is presently 2.3 days. Approximately 2.7% of the shares of the company are short sold.

Xtrackers Cybersecurity Select Equity ETF Stock Down 1.1%

Shares of NASDAQ:PSWD traded down $0.53 during trading on Friday, hitting $48.33. 1,500 shares of the company traded hands, compared to its average volume of 1,117. The business’s fifty day moving average is $41.60 and its 200-day moving average is $35.89. The stock has a market capitalization of $5.80 million, a price-to-earnings ratio of 28.10 and a beta of 1.06. Xtrackers Cybersecurity Select Equity ETF has a one year low of $28.72 and a one year high of $49.28.

About Xtrackers Cybersecurity Select Equity ETF

The Xtrackers Cybersecurity Select Equity ETF (PSWD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies globally that are engaged in the cybersecurity industry. The index screens securities based on various ESG criteria provided by Sustainalytics PSWD was launched on Jul 13, 2023 and is issued by Xtrackers.