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

X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $29.19, but opened at $27.73. X-trackers Harvest CSI 300 China A-Shares Fund shares last traded at $27.70, with a volume of 1,347,750 shares traded.

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

The firm’s 50 day simple moving average is $28.13 and its two-hundred day simple moving average is $25.32. The firm has a market capitalization of $1.93 billion, a P/E ratio of 12.00 and a beta of 0.47.

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

A number of large investors have recently bought and sold shares of ASHR. Summit Trail Advisors LLC boosted its holdings in shares of 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 worth $714,000 after purchasing an additional 17,410 shares during the period. Hollencrest Capital Management grew its position in shares of X-trackers Harvest CSI 300 China A-Shares Fund by 1,687.5% in the 3rd quarter. Hollencrest Capital Management now owns 42,900 shares of the exchange traded fund’s stock worth $1,227,000 after buying an additional 40,500 shares during the last quarter. Finally, Acima Private Wealth LLC increased its stake 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 buying an additional 24,731 shares during the period.

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.