Short Interest in Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Increases By 170.6%

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 21,189 shares, an increase of 170.6% from the June 30th total of 7,831 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 12,438 shares, the days-to-cover ratio is presently 1.7 days.

Xtrackers MSCI USA Selection Equity ETF Price Performance

Shares of USSG traded down $0.14 during mid-day trading on Monday, reaching $67.70. The stock had a trading volume of 5,522 shares, compared to its average volume of 18,543. Xtrackers MSCI USA Selection Equity ETF has a 52-week low of $57.46 and a 52-week high of $70.35. The firm has a market cap of $555.14 million, a price-to-earnings ratio of 26.55 and a beta of 1.04. The business’s fifty day moving average is $69.04 and its 200 day moving average is $65.59.

Institutional Trading of Xtrackers MSCI USA Selection Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in shares of Xtrackers MSCI USA Selection Equity ETF during the 1st quarter valued at approximately $33,000. Millstone Evans Group LLC purchased a new position in Xtrackers MSCI USA Selection Equity ETF in the fourth quarter worth approximately $65,000. Sunbelt Securities Inc. purchased a new position in Xtrackers MSCI USA Selection Equity ETF in the third quarter worth approximately $199,000. Marshall Wace LLP acquired a new stake in Xtrackers MSCI USA Selection Equity ETF during the second quarter worth $230,000. Finally, JPMorgan Chase & Co. increased its stake in 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 acquiring an additional 6,041 shares during the last quarter.

About Xtrackers MSCI USA Selection Equity ETF

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.