Invesco Galaxy Bitcoin ETF (BATS:BTCO) Sees Significant Drop in Short Interest

by · The Markets Daily

Invesco Galaxy Bitcoin ETF (BATS:BTCO – Get Free Report) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 5,530 shares, a decline of 93.3% from the June 30th total of 82,713 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 54,142 shares, the short-interest ratio is currently 0.1 days.

Invesco Galaxy Bitcoin ETF Stock Down 0.9%

Shares of BTCO traded down $0.60 during mid-day trading on Friday, reaching $63.82. 38,521 shares of the stock traded hands, compared to its average volume of 126,019. The firm has a fifty day moving average price of $65.54 and a 200 day moving average price of $72.38. Invesco Galaxy Bitcoin ETF has a 1 year low of $57.76 and a 1 year high of $125.96.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

A number of large investors have recently added to or reduced their stakes in the company. Galaxy Digital Inc. purchased a new position in shares of Invesco Galaxy Bitcoin ETF during the 1st quarter valued at about $48,916,000. Galaxy Group Investments LLC bought a new position in Invesco Galaxy Bitcoin ETF during the 4th quarter worth approximately $63,198,000. Tidal Investments LLC increased its stake in Invesco Galaxy Bitcoin ETF by 173.5% in the 3rd quarter. Tidal Investments LLC now owns 289,594 shares of the company’s stock worth $33,017,000 after purchasing an additional 183,694 shares during the period. Virtu Financial LLC increased its stake in Invesco Galaxy Bitcoin ETF by 936.2% in the 3rd quarter. Virtu Financial LLC now owns 102,645 shares of the company’s stock worth $11,702,000 after purchasing an additional 92,739 shares during the period. Finally, LPL Financial LLC lifted its position in Invesco Galaxy Bitcoin ETF by 7.7% in the fourth quarter. LPL Financial LLC now owns 82,311 shares of the company’s stock valued at $7,175,000 after purchasing an additional 5,865 shares during the last quarter.

About Invesco Galaxy Bitcoin ETF

(Get Free Report)

The Invesco Galaxy Bitcoin ETF (BTCO) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. BTCO was launched on Jan 11, 2024 and is issued by Invesco.

See Also