Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) Sees Large Volume Increase – Here’s Why

Shares of Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) saw an uptick in trading volume on Friday . 122,131 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 66,671 shares.The stock last traded at $41.0050 and had previously closed at $41.23.

Xtrackers MSCI USA Climate Action Equity ETF Price Performance

The stock has a market capitalization of $2.84 billion, a P/E ratio of 24.78 and a beta of 1.00. The firm has a 50-day simple moving average of $41.92 and a 200 day simple moving average of $41.18.

Hedge Funds Weigh In On Xtrackers MSCI USA Climate Action Equity ETF

An institutional investor recently bought a new position in Xtrackers MSCI USA Climate Action Equity ETF stock. Flow Traders U.S. LLC purchased a new position in Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 filing with the Securities and Exchange Commission.

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.