Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sees Unusually-High Trading Volume – Still a Buy?

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) shares saw unusually-high trading volume on Wednesday . Approximately 18,817 shares changed hands during trading, a decline of 72% from the previous session’s volume of 67,489 shares.The stock last traded at $41.14 and had previously closed at $41.12.

Xtrackers MSCI Europe Hedged Equity ETF Trading Down 0.2 %

The firm’s 50-day simple moving average is $41.79 and its two-hundred day simple moving average is $41.79. The company has a market cap of $539.68 million, a PE ratio of 16.15 and a beta of 0.57.

Hedge Funds Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

A number of institutional investors have recently modified their holdings of DBEU. Bank of New York Mellon Corp acquired a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF during the 2nd quarter valued at about $276,000. Sierra Capital LLC raised its position in Xtrackers MSCI Europe Hedged Equity ETF by 264.6% during the second quarter. Sierra Capital LLC now owns 41,139 shares of the company’s stock worth $1,710,000 after acquiring an additional 29,857 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in Xtrackers MSCI Europe Hedged Equity ETF during the third quarter valued at $690,000.

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.