Metalpha Technology Holding Limited (NASDAQ:MATH) experienced a significant decrease in short interest in June. As of June 15th, there were 4,200 shares of short interest, down 31.1% from the previous month. With an average daily trading volume of 18,800 shares, the days-to-cover ratio is currently 0.2 days. Short selling accounts for 0.0% of the stock’s total shares.
Institutional trading activity has been active in Metalpha Technology Holding Limited recently with a hedge fund purchasing a new stake in the company. Apollon Wealth Management LLC acquired 13,164 shares of the company’s stock, valued at approximately $29,000. This stake represents 0.06% ownership of Metalpha Technology at the end of the reporting period. Overall, institutional investors own about 30.53% of Metalpha Technology Holding Limited’s stock.
Metalpha Technology Holding Limited offers wealth management services in Hong Kong and its services include digital asset-based wealth management, issuing financial and cryptocurrency derivative products, market making services and proprietary trading of digital assets and crypto derivative products are some of their offerings. To stay updated with news and ratings for Metalpha Technology on a daily basis readers can sign up for MarketBeat’s free daily email newsletter