Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Stock Price Down 0.7% – Here’s Why

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU)’s stock price fell 0.7% during mid-day trading on Thursday. The stock traded as low as $53.24 and last traded at $53.53. 20,548 shares traded hands during trading, a decline of 56% from the average daily volume of 46,362 shares. The stock had previously closed at $53.92.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The stock has a fifty day moving average price of $54.00 and a 200-day moving average price of $53.05. The company has a market cap of $773.72 million, a PE ratio of 16.40 and a beta of 0.61.

Institutional Investors Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

An institutional investor recently bought a new position in Xtrackers MSCI Europe Hedged Equity ETF stock. Ascentis Independent Advisors acquired a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,562 shares of the company’s stock, valued at approximately $76,000.

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.