What Will Happen to Meta Financial Group Incorporated (NASDAQ:CASH) Next? The Stock Has Increase in Shorts

January 14, 2018 - By Vivian Currie

 What Will Happen to Meta Financial Group Incorporated (NASDAQ:CASH) Next? The Stock Has Increase in Shorts

Investors sentiment decreased to 1.12 in 2017 Q3. Its down 0.38, from 1.5 in 2017Q2. It turned negative, as 26 investors sold ETFS-E Fund MSCI China A GO ETF shares while 42 reduced holdings. 31 funds opened positions while 45 raised stakes. 6.87 million shares or 5.51% more from 6.51 million shares in 2017Q2 were reported.
Tower Research Capital Ltd Co (Trc) owns 1,813 shares for 0.01% of their portfolio. Moreover, Ashford Cap Inc has 3.72% invested in ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) for 295,115 shares. Ameriprise Financial Incorporated reported 50,483 shares or 0% of all its holdings. Dimensional Fund Ltd Partnership accumulated 467,964 shares. Jpmorgan Chase & Co invested in 137,479 shares or 0% of the stock. 120,419 are held by Stifel Fincl. Morgan Stanley invested 0% of its portfolio in ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH). United Svcs Automobile Association invested in 8,150 shares or 0% of the stock. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH). Malaga Cove Cap Llc has invested 0.06% in ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH). 49,847 were accumulated by Boston Advsr Limited Liability. Eaton Vance Mngmt stated it has 0% in ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH). State Of Alaska Department Of Revenue reported 1,730 shares. Oppenheimer Asset owns 0% invested in ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) for 634 shares. State Common Retirement Fund reported 10,300 shares.

Since August 8, 2017, it had 0 insider buys, and 1 sale for $365,349 activity.

The stock of Meta Financial Group Incorporated (NASDAQ:CASH) registered an increase of 6.5% in short interest. CASH’s total short interest was 524,200 shares in January as published by FINRA. Its up 6.5% from 492,200 shares, reported previously. With 55,200 shares average volume, it will take short sellers 10 days to cover their CASH’s short positions. The short interest to Meta Financial Group Incorporated’s float is 5.98%.

The ETF decreased 0.10% or $0.1 during the last trading session, reaching $103.75. About 67,244 shares traded. ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) has risen 72.00% since January 14, 2017 and is uptrending. It has outperformed by 55.30% the S&P500.

Meta Financial Group, Inc. operates as the holding firm for MetaBank that offers various banking services and products to individuals, small businesses, financial institutions, and other businesses. The ETF has market cap of $1.00 billion. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts. It has a 21.48 P/E ratio. The companyÂ’s loan portfolio comprises one-to-four family residential mortgage, commercial and multi-family real estate, agricultural activities and real estate, construction, consumer, commercial operating, and premium finance loans.

ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) Ratings Coverage

Among 4 analysts covering Meta Financial Group (NASDAQ:CASH), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Meta Financial Group had 14 analyst reports since October 13, 2015 according to SRatingsIntel. The stock of ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) earned “Buy” rating by FBR Capital on Thursday, June 1. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) rating on Tuesday, October 10. Keefe Bruyette & Woods has “Buy” rating and $88.0 target. The stock of ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, January 10. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Tuesday, October 3 report. The stock of ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) has “Buy” rating given on Wednesday, January 10 by FBR Capital. The company was upgraded on Tuesday, October 31 by FBR Capital. Sandler O’Neill upgraded the stock to “Buy” rating in Tuesday, October 13 report. The rating was downgraded by FBR Capital on Friday, July 28 to “Hold”. On Monday, August 15 the stock rating was maintained by Wood with “Outperform”.

More recent ETFS-E Fund MSCI China A GO ETF (NASDAQ:CASH) news were published by: Prnewswire.com which released: “Meta Financial Group, Inc.® Announces Agreement to Acquire Crestmark Bancorp, Inc.” on January 09, 2018. Also Crainsdetroit.com published the news titled: “Meta Financial acquires Troy-based Crestmark” on January 14, 2018. Gurufocus.com‘s news article titled: “Second Curve Capital Llc Buys Meta Financial Group Inc, Regional Management …” with publication date: December 20, 2017 was also an interesting one.

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