Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sees Large Drop in Short Interest

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 13,022 shares, a decline of 36.4% from the July 30th total of 20,476 shares. Based on an average daily volume of 11,596 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Xtrackers MSCI USA Selection Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Xtrackers MSCI USA Selection Equity ETF by 96.9% during the second 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. Marshall Wace LLP bought a new position in Xtrackers MSCI USA Selection Equity ETF in the second quarter worth $230,000. Sunbelt Securities Inc. purchased a new position in Xtrackers MSCI USA Selection Equity ETF during the 3rd quarter valued at about $199,000. Millstone Evans Group LLC purchased a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the fourth quarter valued at approximately $65,000. Finally, Cornerstone Planning Group LLC purchased a new position in Xtrackers MSCI USA Selection Equity ETF during the first quarter valued at $33,000.

Xtrackers MSCI USA Selection Equity ETF Price Performance

NYSEARCA USSG traded down $0.84 on Tuesday, reaching $71.16. 15,311 shares of the company’s stock traded hands, compared to its average volume of 17,788. Xtrackers MSCI USA Selection Equity ETF has a 12 month low of $57.65 and a 12 month high of $72.96. The stock has a 50-day simple moving average of $70.21 and a 200 day simple moving average of $66.86. The stock has a market cap of $582.09 million, a PE ratio of 26.55 and a beta of 1.04.

Xtrackers MSCI USA Selection Equity ETF Company Profile

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.