Invesco Galaxy Bitcoin ETF (BATS:BTCO – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 17,178 shares, an increase of 210.6% from the July 15th total of 5,530 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 41,270 shares, the short-interest ratio is presently 0.4 days.
Invesco Galaxy Bitcoin ETF Price Performance
BTCO opened at $63.03 on Thursday. The business has a fifty day moving average price of $62.96 and a 200 day moving average price of $69.61. Invesco Galaxy Bitcoin ETF has a 12 month low of $57.76 and a 12 month high of $125.96.
Hedge Funds Weigh In On Invesco Galaxy Bitcoin ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the first quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Invesco Galaxy Bitcoin ETF in the fourth quarter valued at approximately $43,000. Raymond James Financial Inc. acquired a new stake in Invesco Galaxy Bitcoin ETF in the second quarter valued at approximately $55,000. Kelleher Financial Advisors purchased a new position in Invesco Galaxy Bitcoin ETF in the third quarter worth approximately $59,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Invesco Galaxy Bitcoin ETF in the third quarter worth approximately $65,000.
Invesco Galaxy Bitcoin ETF Company Profile
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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