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Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA - Get Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 2,932 shares, a growth of 80.7% from the June 15th total of 1,623 shares. Approximately 0.0% of the company's stock are short
Xtrackers MSCI USA Climate Action Equity ETF (NYSEARCA:USCA - Get Free Report) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 6,203 shares, a growth of 81.7% from the February 12th total of 3,414 shares. Currently, 0.0% of the shares of the stock
DWS has operated in the ETF space via its Xtrackers family of funds in the US for nearly 20 years. It has flown under the radar compared to the largest ETF issuers.
Experts predict that the impact of climate change on everything from housing to public health will increase over time. A study by the Energy Policy Institute of the University of Chicago estimates that for every one degree Fahrenheit increase in average temperature, costs to the U.S. economy will increase by 0.7% of GDP.
There's a perception that ESG ETFs are less relevant or able to add value than in the past. The reality is that some ESG ETF are not only gathering assets, but are performing well too.
The Xtrackers MSCI USA Climate Action Equity ETF may not be a timely addition due to the new administration's stance on climate policies. The USCA ETF aims to track the MSCI USA Climate Action Index, focusing on companies leading in climate transition and excluding controversial sectors. The MSCI USA Climate Action Index has outperformed the MSCI USA index by 73bps annually, with comparable risk data.
The top holdings of many ESG funds may be surprisingly familiar.
This week, the iShares Climate Conscious & Transition MSCI USA ETF (USCL), a newly launched ESG ETF, saw strong net inflows from Ilmarinen, a Finnish insurance company. At the same time, an older ESG ETF, the iShares ESG MSCI USA Leaders ETF (SUSL), incurred a sizable redemption.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.