X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) Shares Gap Up – Still a Buy?

Shares of X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) gapped up prior to trading on Friday . The stock had previously closed at $26.38, but opened at $28.00. X-trackers Harvest CSI 300 China A-Shares Fund shares last traded at $27.71, with a volume of 6,247,793 shares changing hands.

X-trackers Harvest CSI 300 China A-Shares Fund Price Performance

The company’s 50 day simple moving average is $25.13 and its 200 day simple moving average is $24.54. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 12.00 and a beta of 0.47.

Institutional Investors Weigh In On X-trackers Harvest CSI 300 China A-Shares Fund

An institutional investor recently raised its position in X-trackers Harvest CSI 300 China A-Shares Fund stock. Summit Trail Advisors LLC raised its holdings in shares of X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) by 135.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,284 shares of the exchange traded fund’s stock after acquiring an additional 17,410 shares during the quarter. Summit Trail Advisors LLC’s holdings in X-trackers Harvest CSI 300 China A-Shares Fund were worth $714,000 as of its most recent filing with the SEC.

X-trackers Harvest CSI 300 China A-Shares Fund Company Profile

The Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) is an exchange-traded fund that is based on the China Shenzhen SE \u002F CSI 300 index. The fund tracks an index of the 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen exchanges. The fund holds physical China A-shares.