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

X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) shares saw unusually-strong trading volume on Wednesday . Approximately 9,386,180 shares changed hands during mid-day trading, an increase of 92% from the previous session’s volume of 4,901,052 shares.The stock last traded at $28.32 and had previously closed at $30.39.

X-trackers Harvest CSI 300 China A-Shares Fund Stock Down 5.6 %

The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 12.00 and a beta of 0.47. The stock’s 50-day simple moving average is $24.56 and its 200 day simple moving average is $24.37.

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

A hedge fund recently raised its stake in X-trackers Harvest CSI 300 China A-Shares Fund stock. Summit Trail Advisors LLC lifted its position in shares of X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) by 135.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,284 shares of the exchange traded fund’s stock after purchasing 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 at the end of the most recent reporting 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.