Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Reaches New 1-Year High – Here’s Why

Shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $55.63 and last traded at $55.5850, with a volume of 5,961 shares traded. The stock had previously closed at $55.45.

Xtrackers MSCI Europe Hedged Equity ETF Trading Down 0.4%

The firm has a market capitalization of $805.76 million, a P/E ratio of 19.54 and a beta of 0.61. The stock’s 50-day simple moving average is $53.93 and its 200-day simple moving average is $52.33.

Hedge Funds Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

An institutional investor recently bought a new stake in Xtrackers MSCI Europe Hedged Equity ETF stock. Harbour Investments Inc. bought a new stake in Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,062 shares of the company’s stock, valued at approximately $110,000.

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.