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

Metalpha Technology logo with Computer and Technology background

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

Metalpha Technology Stock Performance

The stock has a 50 day moving average price of $3.03 and a two-hundred day moving average price of $2.15.

Hedge Funds Weigh In On Metalpha Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of Metalpha Technology during the 1st quarter worth $38,000. FNY Investment Advisers LLC bought a new stake in Metalpha Technology in the first quarter worth $32,000. Finally, Goldman Sachs Group Inc. increased its position in 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 buying an additional 6,040 shares during the last quarter. 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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