X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) Shares Gap Up – Here’s Why

Shares of X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) gapped up prior to trading on Friday . The stock had previously closed at $26.38, but opened at $28.00. X-trackers Harvest CSI 300 China A-Shares Fund shares last traded at $27.71, with a volume of 6,247,793 shares trading hands.

X-trackers Harvest CSI 300 China A-Shares Fund Stock Up 5.4 %

The stock has a fifty day moving average price of $25.13 and a 200-day moving average price of $24.54. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 12.00 and a beta of 0.47.

Institutional Trading of X-trackers Harvest CSI 300 China A-Shares Fund

An institutional investor recently raised its position in X-trackers Harvest CSI 300 China A-Shares Fund stock. Summit Trail Advisors LLC lifted its stake in X-trackers Harvest CSI 300 China A-Shares Fund (NYSEARCA:ASHR) by 135.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,284 shares of the exchange traded fund’s stock after purchasing an additional 17,410 shares during the period. Summit Trail Advisors LLC’s holdings in X-trackers Harvest CSI 300 China A-Shares Fund were worth $714,000 as of its most recent SEC filing.

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.