Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sees Significant Decline in Short Interest

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 7,815 shares, a decrease of 92.2% from the June 30th total of 100,089 shares. Based on an average daily volume of 35,303 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Xtrackers MSCI Europe Hedged Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its stake in shares of Xtrackers MSCI Europe Hedged Equity ETF by 149.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock valued at $4,842,000 after acquiring an additional 65,754 shares during the last quarter. Cooksen Wealth LLC boosted its position in shares of Xtrackers MSCI Europe Hedged Equity ETF by 31.6% in the second quarter. Cooksen Wealth LLC now owns 47,785 shares of the company’s stock worth $2,106,000 after acquiring an additional 11,466 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in Xtrackers MSCI Europe Hedged Equity ETF in the first quarter valued at approximately $76,000.

Xtrackers MSCI Europe Hedged Equity ETF Stock Up 0.7%

Shares of NYSEARCA:DBEU traded up $0.40 during midday trading on Friday, reaching $53.77. The company’s stock had a trading volume of 12,572 shares, compared to its average volume of 52,354. The firm has a market cap of $763.53 million, a price-to-earnings ratio of 16.40 and a beta of 0.62. Xtrackers MSCI Europe Hedged Equity ETF has a 1 year low of $43.47 and a 1 year high of $54.50. The business has a 50 day moving average price of $52.89 and a 200 day moving average price of $50.96.

About Xtrackers MSCI Europe Hedged Equity ETF

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.