Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) Stock Price Down 0.4% – Here’s Why

Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) fell 0.4% during mid-day trading on Wednesday . The stock traded as low as $55.00 and last traded at $55.05. 14,264 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 22,155 shares. The stock had previously closed at $55.26.

Xtrackers Semiconductor Select Equity ETF Trading Down 0.4%

The firm has a market cap of $26.97 million, a price-to-earnings ratio of 27.07 and a beta of 1.75. The stock has a 50-day moving average of $55.74 and a 200-day moving average of $47.70.

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 increased its position in Xtrackers Semiconductor Select Equity ETF (NASDAQ:CHPS) by 9,687.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,801 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.

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.