Invesco Galaxy Bitcoin ETF (BATS:BTCO – Get Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 320,097 shares, a growth of 1,763.4% from the July 30th total of 17,178 shares. Based on an average daily volume of 56,709 shares, the days-to-cover ratio is presently 5.6 days. Currently, 6.2% of the shares of the stock are sold short.
Invesco Galaxy Bitcoin ETF Price Performance
Invesco Galaxy Bitcoin ETF stock traded up $0.17 during trading hours on Tuesday, reaching $78.52. The company had a trading volume of 49,044 shares, compared to its average volume of 116,681. Invesco Galaxy Bitcoin ETF has a 12-month low of $57.76 and a 12-month high of $125.96. The company has a 50-day moving average price of $63.90 and a 200 day moving average price of $68.64.
Institutional Trading of Invesco Galaxy Bitcoin ETF
A number of hedge funds and other institutional investors have recently modified their holdings of BTCO. TD Waterhouse Canada Inc. bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at approximately $35,000. Western Wealth Management LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF during the 1st quarter valued at approximately $40,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the fourth quarter worth approximately $43,000. Raymond James Financial Inc. purchased a new position in Invesco Galaxy Bitcoin ETF during the second quarter worth approximately $55,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the 3rd quarter valued at approximately $59,000.
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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