X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) Shares Gap Down – Should You Sell?

Shares of X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) gapped down prior to trading on Friday . The stock had previously closed at $27.52, but opened at $26.66. X-trackers Harvest CSI 300 China A-Shares Fund shares last traded at $26.62, with a volume of 2,347,060 shares trading hands.

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

The stock has a market cap of $1.86 billion, a PE ratio of 12.00 and a beta of 0.47. The business has a 50 day moving average price of $27.44 and a two-hundred day moving average price of $25.14.

Hedge Funds Weigh In On X-trackers Harvest CSI 300 China A-Shares Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Acima Private Wealth LLC raised its holdings in shares of X-trackers Harvest CSI 300 China A-Shares Fund by 43.2% during the second quarter. Acima Private Wealth LLC now owns 81,963 shares of the exchange traded fund’s stock valued at $1,932,000 after acquiring an additional 24,731 shares in the last quarter. Hollencrest Capital Management increased its position 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. Finally, Summit Trail Advisors LLC raised 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 worth $714,000 after purchasing an additional 17,410 shares in the last quarter.

About X-trackers Harvest CSI 300 China A-Shares Fund

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.