Metalpha Technology Holding Limited: Institutional Investors Own Half of Its Stock Portfolio – Potential for Growth in the Digital Asset Space

Metalpha Technology Holding Limited (NASDAQ:MATH) saw a significant decrease in short interest in June. As of June 15th, the total short interest was 4,200 shares, which represents 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 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. The stock has traded between a 1-year low of $1.06 and a 1-year high of $2.27 over the past year.

In terms of institutional trading, Apollon Wealth Management LLC recently acquired a new stake in Metalpha Technology stock by purchasing 13,164 shares valued at approximately $29,000 during the reporting period. This amounts to only 0.06% ownership of Metalpha Technology Holding Limited at the end of the reporting period.

Overall, institutional investors own around 30% of Metalpha Technology Holding Limited’s stock through subsidiaries that offer wealth management services in Hong Kong.

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

With this recent acquisition by Apollon Wealth Management LLC and institutional investors owning around half of Metalpha Technology’s stock portfolio, it seems like there is potential for growth in this company’s future endeavors within the digital asset space in Asia’s financial capital – Hong Kong