Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sets New 1-Year High – Here’s Why

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.42 and last traded at $43.22, with a volume of 16037 shares changing hands. The stock had previously closed at $43.30.

Xtrackers MSCI Europe Hedged Equity ETF Stock Performance

The stock has a market cap of $572.55 million, a P/E ratio of 16.15 and a beta of 0.57. The stock has a 50-day moving average price of $41.69 and a 200-day moving average price of $41.71.

Institutional Trading of Xtrackers MSCI Europe Hedged Equity ETF

A hedge fund recently bought a new stake in Xtrackers MSCI Europe Hedged Equity ETF stock. Bank of New York Mellon Corp purchased a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,631 shares of the company’s stock, valued at approximately $276,000. Bank of New York Mellon Corp owned about 0.05% of Xtrackers MSCI Europe Hedged Equity ETF at the end of the most recent 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.