Short Interest in Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Declines By 34.0%

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 61,038 shares, a decrease of 34.0% from the May 14th total of 92,462 shares. Based on an average daily trading volume, of 29,025 shares, the short-interest ratio is currently 2.1 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Xtrackers MSCI Europe Hedged Equity ETF by 149.2% during the second quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock valued at $4,842,000 after acquiring an additional 65,754 shares during the last quarter. Cooksen Wealth LLC raised its stake in shares of Xtrackers MSCI Europe Hedged Equity ETF by 31.6% during the second quarter. Cooksen Wealth LLC now owns 47,785 shares of the company’s stock valued at $2,106,000 after acquiring an additional 11,466 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF during the first quarter valued at about $76,000.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

NYSEARCA DBEU traded up $0.45 during trading on Wednesday, hitting $53.50. 6,314 shares of the company’s stock traded hands, compared to its average volume of 57,320. The stock has a fifty day moving average of $51.24 and a two-hundred day moving average of $49.85. Xtrackers MSCI Europe Hedged Equity ETF has a 12-month low of $43.33 and a 12-month high of $53.51. The firm has a market cap of $794.48 million, a P/E ratio of 16.40 and a beta of 0.62.

About Xtrackers MSCI Europe Hedged Equity ETF

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.