Metalpha Technology Holding Limited (NASDAQ:MATH) experienced a significant decrease in short interest in June, with a 31.1% decline from the previous month. The total short interest as of June 15th was 4,200 shares, and with an average daily trading volume of 18,800 shares, the days-to-cover ratio is currently 0.2 days. Only 0.0% of the stock shares are being short sold.
On Monday, NASDAQ:MATH opened at $1.38. The company’s 50-day moving average is $1.45, while its 200-day moving average is $1.55. Metalpha Technology stock has traded between a 1-year low of $1.06 and a 1-year high of $2.27 during the reporting period.
Institutional trading activity has been notable for Metalpha Technology Holding Limited in recent weeks, with a hedge fund acquiring a new stake in the company’s stock worth approximately $29,000 or 0.6% ownership at the end of the reporting period. Despite this acquisition by Apollon Wealth Management LLC, only around 31% of Metalpha Technology’s stock is owned by institutional investors like hedge funds and mutual funds.
Metalpha Technology Holding Limited provides wealth management services in Hong Kong through its subsidiaries that offer digital asset-based wealth management services to over-the-counter clients, provide crypto derivative market making services, proprietary trading of digital assets and crypto derivative products and securities advising and asset management services.
Overall, Metalpha Technology Holding Limited continues to operate within the wealth management industry in Hong Kong and faces challenges such as regulatory uncertainty and competition from other companies providing similar services.
