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Metalpha Technology (NASDAQ:MATH) Trading Up 0.8% - Here's Why

Metalpha Technology logo with Computer and Technology background

Metalpha Technology Holding Limited (NASDAQ:MATH - Get Free Report)'s stock price traded up 0.8% during mid-day trading on Wednesday . The stock traded as high as $3.87 and last traded at $3.76. 177,370 shares were traded during trading, an increase of 64% from the average session volume of 108,433 shares. The stock had previously closed at $3.73.

Metalpha Technology Stock Up 0.8%

The business has a fifty day moving average of $3.03 and a 200-day moving average of $2.15.

Institutional Trading of Metalpha Technology

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Metalpha Technology by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company's stock valued at $35,000 after purchasing an additional 6,040 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Metalpha Technology in the first quarter valued at approximately $32,000. Finally, XTX Topco Ltd purchased a new stake in shares of Metalpha Technology in the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 30.53% of the company's stock.

Metalpha Technology Company Profile

(Get Free Report)

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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