Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) Stock Price Up 1% – Time to Buy?

Shares of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) shot up 1% during trading on Tuesday . The company traded as high as $32.84 and last traded at $32.80. 2,952 shares changed hands during trading, a decline of 79% from the average session volume of 14,311 shares. The stock had previously closed at $32.46.

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF Trading Up 1.0%

The company’s fifty day moving average is $31.74 and its 200 day moving average is $30.10. The company has a market cap of $39.36 million, a P/E ratio of 15.47 and a beta of 0.74.

Hedge Funds Weigh In On Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

Several hedge funds have recently modified their holdings of EMCR. OLD Mission Capital LLC grew its holdings in shares of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF by 146.5% in the fourth quarter. OLD Mission Capital LLC now owns 92,156 shares of the company’s stock worth $2,628,000 after purchasing an additional 54,772 shares during the last quarter. Flow Traders U.S. LLC increased its stake in Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF by 9.8% in the 1st quarter. Flow Traders U.S. LLC now owns 107,363 shares of the company’s stock worth $3,169,000 after buying an additional 9,586 shares during the period. Bank of New York Mellon Corp increased its stake in Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF by 13.8% in the 1st quarter. Bank of New York Mellon Corp now owns 34,488 shares of the company’s stock worth $1,018,000 after buying an additional 4,185 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF in the 1st quarter worth about $54,000.

About Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

The Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of large- and mid-cap emerging market stocks that are selected based on ESG criteria. Holdings are weighted in tiers, in favor of low carbon intensity EMCR was launched on Dec 6, 2018 and is managed by Xtrackers.