Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) Trading Up 1% – Time to Buy?

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) shares shot up 1% on Tuesday . The stock traded as high as $28.08 and last traded at $27.97. 80,218 shares were traded during mid-day trading, an increase of 503% from the average session volume of 13,302 shares. The stock had previously closed at $27.69.

Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF Price Performance

The company’s fifty day simple moving average is $30.19 and its 200-day simple moving average is $30.65. The firm has a market capitalization of $363.61 million, a PE ratio of 12.84 and a beta of 0.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF stock. Bank of New York Mellon Corp boosted its stake in shares of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (NYSEARCA:EMCR) by 21.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,204 shares of the company’s stock after acquiring an additional 3,975 shares during the quarter. Bank of New York Mellon Corp owned 0.17% of Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF worth $662,000 at the end of the most recent reporting period.

About Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF

The Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of large- and mid-cap emerging market stocks that are selected based on ESG criteria. Holdings are weighted in tiers, in favor of low carbon intensity EMCR was launched on Dec 6, 2018 and is managed by Xtrackers.