Invesco Galaxy Bitcoin ETF (BATS:BTCO – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 11,596 shares, an increase of 87.1% from the April 30th total of 6,197 shares. Based on an average daily volume of 94,461 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Paladin Wealth LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF during the 4th quarter worth $1,233,000. Gradient Investments LLC purchased a new stake in Invesco Galaxy Bitcoin ETF during the 4th quarter worth about $36,190,000. Cresset Asset Management LLC increased its position 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 purchasing an additional 90,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Invesco Galaxy Bitcoin ETF in the 4th quarter valued at about $727,000. Finally, Key Client Fiduciary Advisors LLC grew its holdings in Invesco Galaxy Bitcoin ETF by 611.1% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 21,419 shares of the company’s stock valued at $1,867,000 after buying an additional 18,407 shares during the period.
Invesco Galaxy Bitcoin ETF Stock Down 2.6%
Shares of BATS BTCO opened at $71.10 on Tuesday. The stock has a fifty day moving average price of $74.24 and a 200 day moving average price of $79.61. Invesco Galaxy Bitcoin ETF has a 1-year low of $62.01 and a 1-year high of $125.96.
About Invesco Galaxy Bitcoin ETF
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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