Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) Shares Up 1.4% – Here’s What Happened

Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) shares shot up 1.4% during mid-day trading on Monday . The company traded as high as $57.24 and last traded at $56.73. 33,629 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 22,882 shares. The stock had previously closed at $55.95.

Xtrackers Semiconductor Select Equity ETF Stock Performance

The company has a market capitalization of $27.80 million, a P/E ratio of 27.07 and a beta of 1.75. The company has a 50-day simple moving average of $49.61 and a 200 day simple moving average of $42.92.

Hedge Funds Weigh In On Xtrackers Semiconductor Select Equity ETF

A hedge fund recently raised its stake in Xtrackers Semiconductor Select Equity ETF stock. Cornerstone Planning Group LLC raised its stake in Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) by 9,687.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,801 shares of the company’s stock after purchasing an additional 13,660 shares during the period. Cornerstone Planning Group LLC owned approximately 4.93% of Xtrackers Semiconductor Select Equity ETF worth $550,000 as of its most recent SEC filing.

About Xtrackers Semiconductor Select Equity ETF

The Xtrackers Semiconductor Select Equity ETF (CHPS) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of the companies involved semiconductor industry globally. The index screens securities based on various ESG criteria provided by Sustainalytics. CHPS was launched on Jul 13, 2023 and is issued by Xtrackers.