MSCI Emerging Markets ESG Leaders ETF Experiences a 1.1% Uptick in Trading

The MSCI Emerging Markets ESG Leaders Equity ETF, trading under the ticker NYSEARCA:EMSG, observed a 1.1% rise during Wednesday's mid-day trading session. The price reached a high of $23.13 with the closing trade marked at $23.11. Volume for the day experienced a 26% increase with 3,447 shares traded, surpassing the average volume of 2,734 shares. The ETF's previous closing was at $22.85.

Performance and Market Presence

EMSG boasts a market capitalization of $24.27 million, with a P/E ratio standing at 12.53 and a beta of 0.76. Investors are tracking its movement over time, noting the fifty-day moving average at $23.43 and the 200-day moving average at $23.50.

Hedge Funds' Engagement with EMSG

A noteworthy institutional investor, Flow Traders U.S. LLC, initiated a new stake in EMSG during the second quarter. This information, revealed in their latest SEC filing, indicates the purchase of 27,158 shares at an approximate value of $656,000, granting Flow Traders U.S. LLC ownership of about 2.59% of the ETF.

About MSCI Emerging Markets ESG Leaders Equity ETF

EMSG is an exchange-traded fund that functions based on the MSCI Emerging Markets ESG Leaders index. The ETF includes a range of large- and mid-sized stocks from emerging markets. After filtering out specific industries, the index focuses on companies with higher ESG ratings according to MSCI, applying market capitalization weighting to these selected stocks.

Shares, Trading, ESG