Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) Sees Large Volume Increase – Should You Buy?

Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA) saw unusually-high trading volume on Thursday . Approximately 122,364 shares were traded during mid-day trading, an increase of 579% from the previous session’s volume of 18,011 shares.The stock last traded at $41.81 and had previously closed at $41.49.

Xtrackers MSCI USA Climate Action Equity ETF Stock Performance

The company has a market capitalization of $2.92 billion, a PE ratio of 24.78 and a beta of 1.00. The company’s 50-day simple moving average is $41.81 and its 200-day simple moving average is $41.00.

Institutional Trading of Xtrackers MSCI USA Climate Action Equity ETF

A hedge fund recently bought a new stake in Xtrackers MSCI USA Climate Action Equity ETF stock. Flow Traders U.S. LLC bought a new position in shares of 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 (SEC). The fund bought 241,549 shares of the company’s stock, valued at approximately $9,946,000. Flow Traders U.S. LLC owned approximately 0.31% of Xtrackers MSCI USA Climate Action Equity ETF at the end of the most recent quarter.

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.