Metalpha Technology Holding Limited (NASDAQ:MATH – Get Free Report) experienced a significant decrease in short interest in June. As of June 15th, the total short interest was 4,200 shares, marking a 31.1% decline from the previous month. With an average daily trading volume of 18,800 shares, the days-to-cover ratio is currently 0.2 days, and 0.0% of the stock shares are being short sold.
On Monday, NASDAQ:MATH opened at $1.38. The 50-day moving average for the company is $1.45, while the 200-day moving average is $1.55. The stock has traded between a 1-year low of $1.06 and a 1-year high of $2.27.
In terms of institutional trading, a hedge fund recently acquired a new stake in Metalpha Technology stock. Apollon Wealth Management LLC purchased 13,164 shares of the company’s stock, valued at approximately $29,000. This amounted to 0.06% ownership of Metalpha Technology at the end of the reporting period. Overall, 30.53% of the stock is owned by hedge funds and other institutional investors.
Metalpha Technology Holding Limited provides wealth management services in Hong Kong through its subsidiaries. The company offers digital asset-based wealth management services, including 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, along with securities advising and asset management services.