Xtrackers S&P SmallCap 600 ESG ETF Suffers a 2.5% Price Drop

The Xtrackers S&P SmallCap 600 ESG ETF, trading on the NYSEARCA under the ticker symbol SMLE, experienced a 2.5% decline in its stock price during the mid-day trading session on Wednesday. The ETF saw its shares dip to a low of $25.76, which is also where it last traded. The trading day brought about an increased volume of 5,625 shares, a notable jump from its average of 3,313 shares. Prior to this drop, the ETF had closed at $26.42.

Assessing SMLE's Recent Performance

With a market capitalization that stands at $12.88 million and a price-to-earnings (P/E) ratio of 11.74, SMLE also carries a beta of 0.91. When looking at its average prices over time, the ETF's 50-day simple moving average is currently at $24.25, with the 200-day simple moving average slightly lower at $23.98.

Understanding Xtrackers S&P SmallCap 600 ESG ETF

The Xtrackers S&P SmallCap 600 ESG ETF is designed to follow the S&P SmallCap 600 ESG Index, which consists of US small-cap companies that have been screened for environmental, social, and governance (ESG) criteria. Since its inception on February 24, 2021, SMLE has been managed by Xtrackers, aiming to provide investors with exposure to sustainable businesses within the small-cap sector.

Xtrackers, SMLE, ESG