Short Interest in Invesco Galaxy Bitcoin ETF (BATS:BTCO) Rises By 87.1%

Invesco Galaxy Bitcoin ETF (BATS:BTCO) was the recipient of a significant 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 shares of the company are sold short. Based on an average daily volume of 94,461 shares, the short-interest ratio is currently 0.1 days.

Invesco Galaxy Bitcoin ETF Price Performance

BATS BTCO opened at $66.86 on Wednesday. Invesco Galaxy Bitcoin ETF has a 52-week low of $62.01 and a 52-week high of $125.96. The firm has a 50-day moving average price of $74.24 and a 200 day moving average price of $79.61.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BTCO. First Trust Advisors LP increased its holdings in Invesco Galaxy Bitcoin ETF by 28.2% in the second quarter. First Trust Advisors LP now owns 51,143 shares of the company’s stock valued at $5,499,000 after buying an additional 11,239 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Galaxy Bitcoin ETF in the second quarter valued at about $55,000. Tidal Investments LLC increased its holdings in Invesco Galaxy Bitcoin ETF by 10.1% in the second quarter. Tidal Investments LLC now owns 105,900 shares of the company’s stock valued at $11,387,000 after buying an additional 9,749 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Invesco Galaxy Bitcoin ETF by 8.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,628 shares of the company’s stock valued at $283,000 after buying an additional 211 shares in the last quarter. Finally, Fortis Group Advisors LLC increased its holdings in Invesco Galaxy Bitcoin ETF by 4.8% in the third quarter. Fortis Group Advisors LLC now owns 12,255 shares of the company’s stock valued at $1,341,000 after buying an additional 566 shares in the last quarter.

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.