Xtrackers MSCI Emerging Markets Hedged Equity ETF (NYSEARCA:DBEM) Sees Large Decline in Short Interest

Xtrackers MSCI Emerging Markets Hedged Equity ETF (NYSEARCA:DBEM) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 23,595 shares, a decline of 36.3% from the April 15th total of 37,041 shares. Based on an average daily volume of 8,019 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.9% of the company’s stock are short sold.

Xtrackers MSCI Emerging Markets Hedged Equity ETF Price Performance

DBEM stock opened at $38.44 on Wednesday. Xtrackers MSCI Emerging Markets Hedged Equity ETF has a 1-year low of $25.92 and a 1-year high of $40.55. The business has a fifty day moving average price of $36.33 and a 200-day moving average price of $34.33. The stock has a market capitalization of $98.02 million, a P/E ratio of 14.32 and a beta of 0.55.

Institutional Trading of Xtrackers MSCI Emerging Markets Hedged Equity ETF

A hedge fund recently raised its stake in Xtrackers MSCI Emerging Markets Hedged Equity ETF stock. Ameriprise Financial Inc. increased its position in Xtrackers MSCI Emerging Markets Hedged Equity ETF (NYSEARCA:DBEM) by 12.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,591 shares of the company’s stock after acquiring an additional 16,227 shares during the period. Ameriprise Financial Inc. owned about 5.98% of Xtrackers MSCI Emerging Markets Hedged Equity ETF worth $4,525,000 at the end of the most recent reporting period.

About Xtrackers MSCI Emerging Markets Hedged Equity ETF

The Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of emerging firms hedged for currency exposure. DBEM was launched on Jun 9, 2011 and is managed by Xtrackers.