X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) Sees Strong Trading Volume – Still a Buy?

Shares of X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) saw unusually-strong trading volume on Friday . Approximately 15,203,186 shares were traded during trading, an increase of 66% from the previous session’s volume of 9,156,811 shares.The stock last traded at $26.03 and had previously closed at $25.60.

X-trackers Harvest CSI 300 China A-Shares Fund Stock Up 1.3 %

The company has a market cap of $1.82 billion, a price-to-earnings ratio of 12.00 and a beta of 0.47. The business has a 50-day simple moving average of $26.81 and a two-hundred day simple moving average of $25.76.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new stake in shares of X-trackers Harvest CSI 300 China A-Shares Fund in the fourth quarter valued at about $13,235,000. Hollencrest Capital Management boosted its stake in X-trackers Harvest CSI 300 China A-Shares Fund by 1,687.5% during the 3rd quarter. Hollencrest Capital Management now owns 42,900 shares of the exchange traded fund’s stock valued at $1,227,000 after purchasing an additional 40,500 shares during the period. Summit Trail Advisors LLC grew its holdings in X-trackers Harvest CSI 300 China A-Shares Fund by 135.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 30,284 shares of the exchange traded fund’s stock valued at $714,000 after buying an additional 17,410 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in X-trackers Harvest CSI 300 China A-Shares Fund in the 4th quarter worth approximately $55,000.

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.