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

X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) shares saw an uptick in trading volume on Friday . 15,203,186 shares changed hands 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 Performance

The stock’s fifty day simple moving average is $26.85 and its two-hundred day simple moving average is $25.73. The stock has a market capitalization of $1.82 billion, a P/E ratio of 12.00 and a beta of 0.47.

Institutional Inflows and Outflows

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