Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Significant Decrease in Short Interest

Metalpha Technology Holding Limited (NASDAQ:MATH) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 4,200 shares, a decrease of 31.1% from the May 31st total of 6,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Metalpha Technology

An institutional investor recently bought a new position in Metalpha Technology stock. Apollon Wealth Management LLC acquired a new position in shares of Metalpha Technology Holding Limited (NASDAQ:MATH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,164 shares of the company’s stock, valued at approximately $29,000. Apollon Wealth Management LLC owned about 0.06% of Metalpha Technology as of its most recent filing with the SEC. 30.53% of the stock is owned by institutional investors and hedge funds.

Metalpha Technology Stock Up 0.7 %

Shares of MATH traded up $0.01 during mid-day trading on Friday, hitting $1.38. 18,275 shares of the company were exchanged, compared to its average volume of 10,611. Metalpha Technology has a 1-year low of $1.06 and a 1-year high of $2.27. The company has a 50 day moving average of $1.45 and a 200-day moving average of $1.55.

About Metalpha Technology

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.