Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sees Significant Increase in Short Interest

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 4,695 shares, an increase of 68.3% from the September 30th total of 2,789 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 6,993 shares, the short-interest ratio is presently 0.7 days.

Xtrackers MSCI USA Selection Equity ETF Price Performance

Shares of NYSEARCA USSG opened at $70.40 on Monday. The business has a 50-day moving average of $71.76 and a 200-day moving average of $67.67. The company has a market capitalization of $570.24 million, a price-to-earnings ratio of 26.55 and a beta of 1.04. Xtrackers MSCI USA Selection Equity ETF has a 1-year low of $57.65 and a 1-year high of $73.29.

Hedge Funds Weigh In On Xtrackers MSCI USA Selection Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the company. One Capital Management LLC purchased a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the second quarter worth about $1,534,000. Farther Finance Advisors LLC grew its stake in Xtrackers MSCI USA Selection Equity ETF by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,606 shares of the company’s stock valued at $328,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new stake in Xtrackers MSCI USA Selection Equity ETF during the 1st quarter valued at approximately $33,000.

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.