Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sees Unusually-High Trading Volume – Here’s Why

Shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) saw an uptick in trading volume on Friday . 796,124 shares changed hands during trading, an increase of 1,027% from the previous session’s volume of 70,632 shares.The stock last traded at $47.39 and had previously closed at $47.30.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The stock has a market capitalization of $662.62 million, a P/E ratio of 16.40 and a beta of 0.76. The stock’s fifty day moving average is $46.02 and its two-hundred day moving average is $45.01.

Hedge Funds Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DBEU. Sierra Capital LLC boosted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 15.9% in the 1st quarter. Sierra Capital LLC now owns 35,247 shares of the company’s stock worth $1,556,000 after purchasing an additional 4,833 shares during the period. Partners Capital Investment Group LLP boosted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 90.1% in the 1st quarter. Partners Capital Investment Group LLP now owns 160,858 shares of the company’s stock worth $7,103,000 after purchasing an additional 76,236 shares during the period. Flow Traders U.S. LLC boosted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 2.9% in the 1st quarter. Flow Traders U.S. LLC now owns 25,280 shares of the company’s stock worth $1,116,000 after purchasing an additional 717 shares during the period. ORG Partners LLC boosted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 120.6% in the 2nd quarter. ORG Partners LLC now owns 1,562 shares of the company’s stock worth $69,000 after purchasing an additional 854 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 149.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock worth $4,842,000 after purchasing an additional 65,754 shares during the period.

About Xtrackers MSCI Europe Hedged Equity ETF

The Xtrackers MSCI Europe Hedged Equity ETF (DBEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted and currency-hedged index of companies in developed Europe. DBEU was launched on Oct 1, 2013 and is managed by Xtrackers.