Invesco Galaxy Bitcoin ETF (BATS:BTCO) Sees Large Increase in Short Interest

by · The Markets Daily

Invesco Galaxy Bitcoin ETF (BATS:BTCO – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 11,596 shares, a growth of 87.1% from the April 30th total of 6,197 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 94,461 shares, the short-interest ratio is presently 0.1 days.

Invesco Galaxy Bitcoin ETF Stock Down 2.6%

BATS BTCO opened at $71.10 on Tuesday. The business’s 50-day simple moving average is $74.24 and its 200-day simple moving average is $79.61. Invesco Galaxy Bitcoin ETF has a 1-year low of $62.01 and a 1-year high of $125.96.

Hedge Funds Weigh In On Invesco Galaxy Bitcoin ETF

Institutional investors have recently made changes to their positions in the business. Paladin Wealth LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the 4th quarter valued at approximately $1,233,000. Gradient Investments LLC bought a new position in Invesco Galaxy Bitcoin ETF during the 4th quarter worth $36,190,000. Cresset Asset Management LLC grew its stake in Invesco Galaxy Bitcoin ETF by 18.7% during the 3rd quarter. Cresset Asset Management LLC now owns 572,095 shares of the company’s stock worth $65,225,000 after buying an additional 90,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Invesco Galaxy Bitcoin ETF during the 4th quarter worth $727,000. Finally, Key Client Fiduciary Advisors LLC grew its stake in Invesco Galaxy Bitcoin ETF by 611.1% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 21,419 shares of the company’s stock worth $1,867,000 after buying an additional 18,407 shares during the last quarter.

Invesco Galaxy Bitcoin ETF Company Profile

(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.

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