Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Shares Down 1.1% – Here’s Why

Shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) traded down 1.1% on Tuesday . The stock traded as low as $40.36 and last traded at $40.99. 18,342 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 68,629 shares. The stock had previously closed at $41.47.

Xtrackers MSCI Europe Hedged Equity ETF Stock Performance

The company has a market capitalization of $540.20 million, a P/E ratio of 16.15 and a beta of 0.57. The company’s fifty day simple moving average is $41.87 and its 200-day simple moving average is $41.80.

Institutional Trading of Xtrackers MSCI Europe Hedged Equity ETF

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in Xtrackers MSCI Europe Hedged Equity ETF in the second quarter worth about $276,000. Flow Traders U.S. LLC bought a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF during the 3rd quarter worth approximately $690,000. Sierra Capital LLC raised its stake in shares of Xtrackers MSCI Europe Hedged Equity ETF by 264.6% during the 2nd 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 in the last quarter. Finally, OLD Mission Capital LLC lifted its position in Xtrackers MSCI Europe Hedged Equity ETF by 1,921.4% during the first quarter. OLD Mission Capital LLC now owns 555,849 shares of the company’s stock valued at $22,818,000 after acquiring an additional 528,351 shares during the last quarter.

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.