Invesco Galaxy Bitcoin ETF (BATS:BTCO – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 5,530 shares, a drop of 93.3% from the June 30th total of 82,713 shares. Based on an average daily trading volume, of 54,142 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.
Invesco Galaxy Bitcoin ETF Price Performance
Shares of BATS BTCO traded down $0.60 during midday trading on Friday, reaching $63.82. The company’s stock had a trading volume of 38,521 shares, compared to its average volume of 126,019. The firm has a 50 day moving average price of $65.54 and a 200-day moving average price of $72.38. Invesco Galaxy Bitcoin ETF has a 12-month low of $57.76 and a 12-month high of $125.96.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Galaxy Digital Inc. bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the first quarter valued at approximately $48,916,000. Galaxy Group Investments LLC bought a new position in Invesco Galaxy Bitcoin ETF in the 4th quarter worth approximately $63,198,000. Tidal Investments LLC raised its holdings in Invesco Galaxy Bitcoin ETF by 173.5% during the 3rd quarter. Tidal Investments LLC now owns 289,594 shares of the company’s stock valued at $33,017,000 after acquiring an additional 183,694 shares during the period. Virtu Financial LLC lifted its position in shares of Invesco Galaxy Bitcoin ETF by 936.2% during the third quarter. Virtu Financial LLC now owns 102,645 shares of the company’s stock worth $11,702,000 after acquiring an additional 92,739 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Invesco Galaxy Bitcoin ETF by 7.7% during the fourth quarter. LPL Financial LLC now owns 82,311 shares of the company’s stock worth $7,175,000 after acquiring an additional 5,865 shares in the last quarter.
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.
See Also
- Five stocks we like better than Invesco Galaxy Bitcoin ETF
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for Invesco Galaxy Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Galaxy Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
