Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sees Large Volume Increase – Here’s What Happened

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) shares saw unusually-strong trading volume on Wednesday . Approximately 720,951 shares traded hands during trading, an increase of 2,001% from the previous session’s volume of 34,315 shares.The stock last traded at $63.9150 and had previously closed at $64.10.

Xtrackers MSCI USA Selection Equity ETF Price Performance

The stock has a 50-day simple moving average of $63.05 and a 200-day simple moving average of $60.39. The stock has a market cap of $510.60 million, a PE ratio of 26.55 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of USSG. Sunbelt Securities Inc. acquired a new position in Xtrackers MSCI USA Selection Equity ETF during the third quarter valued at approximately $199,000. Flow Traders U.S. LLC purchased a new position in shares of Xtrackers MSCI USA Selection Equity ETF in the 3rd quarter valued at $6,443,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 valued at $62,000 after acquiring an additional 254 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the 2nd quarter valued at $230,000. Finally, JPMorgan Chase & Co. boosted its position in Xtrackers MSCI USA Selection Equity ETF by 96.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock worth $698,000 after purchasing 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.