Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) saw unusually-strong trading volume on Friday . Approximately 292,944 shares changed hands during trading, an increase of 472% from the previous session’s volume of 51,247 shares.The stock last traded at $40.84 and had previously closed at $41.03.

Xtrackers MSCI USA Climate Action Equity ETF Stock Performance

The stock has a 50-day moving average price of $41.65 and a two-hundred day moving average price of $41.33. The stock has a market capitalization of $2.81 billion, a P/E ratio of 24.78 and a beta of 1.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xtrackers MSCI USA Climate Action Equity ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 241,549 shares of the company’s stock, valued at approximately $9,946,000. Flow Traders U.S. LLC owned about 0.31% of Xtrackers MSCI USA Climate Action Equity ETF as of its most recent SEC filing.

About Xtrackers MSCI USA Climate Action Equity ETF

The Xtrackers MSCI USA Climate Action Equity ETF (USCA) is an exchange-traded fund that is based on the MSCI USA Climate Action index. The fund tracks a market cap-weighted index of large- and mid-cap US stocks, selected as a leader in their respective GICS sector for emphasizing climate-friendly objectives. The process screens securities based on ESG research from MSCI. USCA was launched on Apr 4, 2023 and is managed by Xtrackers.