Metalpha Technology Holding Limited: Short Interest Declines, Hedge Fund Increases Stake in Wealth Management Services

Metalpha Technology Holding Limited (NASDAQ:MATH) 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 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 past year.

In terms of institutional trading activity, a hedge fund recently increased its stake in Metalpha Technology Holding Limited’s stock portfolio by purchasing an additional 13,164 shares worth approximately $29,000 during the reporting period. This amounted to an increase in ownership to around 0.6% at the end of the reporting period from their previous shareholding percentage of less than one percent owned by hedge funds and other institutional investors overall own about 37% of Metalpha Technology’s stock portfolio as per reports.

Metalpha Technology Holding Limited provides wealth management services in Hong Kong through its subsidiaries that include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients and providing crypto derivative market making services along with proprietary trading of digital assets and crypto derivative products and securities advising and asset management services to clients around the world.