Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sees Strong Trading Volume – Here’s What Happened

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) saw strong trading volume on Wednesday . 123,433 shares changed hands during trading, an increase of 121% from the previous session’s volume of 55,950 shares.The stock last traded at $53.67 and had previously closed at $53.96.

Xtrackers MSCI Europe Hedged Equity ETF Trading Down 0.9%

The stock has a market capitalization of $794.33 million, a price-to-earnings ratio of 16.40 and a beta of 0.62. The business has a 50 day simple moving average of $51.80 and a 200-day simple moving average of $50.25.

Institutional Investors Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

Hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors purchased a new stake in Xtrackers MSCI Europe Hedged Equity ETF in the first quarter valued at approximately $76,000. Cooksen Wealth LLC boosted its holdings in shares of Xtrackers MSCI Europe Hedged Equity ETF by 31.6% in the 2nd quarter. Cooksen Wealth LLC now owns 47,785 shares of the company’s stock valued at $2,106,000 after purchasing an additional 11,466 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of 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 valued at $4,842,000 after purchasing an additional 65,754 shares during the last quarter.

Xtrackers MSCI Europe Hedged Equity ETF Company Profile

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.