Metalpha Technology Holding Limited (NASDAQ:MATH - Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 159,400 shares, anincreaseof193.6% from the June 30th total of 54,300 shares. Based on an average daily trading volume, of 218,600 shares, the days-to-cover ratio is currently 0.7 days. Currently,0.7% of the company's shares are short sold. Currently,0.7% of the company's shares are short sold. Based on an average daily trading volume, of 218,600 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of Metalpha Technology
A number of institutional investors have recently bought and sold shares of MATH. FNY Investment Advisers LLC boosted its stake in Metalpha Technology by 714.4% during the 2nd quarter. FNY Investment Advisers LLC now owns 157,229 shares of the company's stock worth $503,000 after acquiring an additional 137,923 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Metalpha Technology in the second quarter worth $100,000. XTX Topco Ltd acquired a new stake in Metalpha Technology in the first quarter worth $38,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Metalpha Technology by 42.2% during the first quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company's stock worth $35,000 after purchasing an additional 6,040 shares in the last quarter. Institutional investors and hedge funds own 30.53% of the company's stock.
Metalpha Technology Trading Up 0.9%
Shares of MATH traded up $0.03 on Friday, reaching $2.95. 39,012 shares of the company's stock were exchanged, compared to its average volume of 189,439. The business has a 50 day moving average price of $3.42 and a two-hundred day moving average price of $2.45. Metalpha Technology has a 12 month low of $0.80 and a 12 month high of $4.17.
About Metalpha Technology
(
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Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services.
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