Invesco Galaxy Ethereum ETF (BATS:QETH) Short Interest Down 66.2% in June

Invesco Galaxy Ethereum ETF (BATS:QETH) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 5,767 shares, a drop of 66.2% from the May 31st total of 17,044 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 32,382 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Galaxy Ethereum ETF Trading Up 1.2%

Shares of QETH opened at $15.68 on Friday. The stock has a 50 day simple moving average of $20.16 and a 200 day simple moving average of $23.31. Invesco Galaxy Ethereum ETF has a 52-week low of $15.25 and a 52-week high of $48.44.

Institutional Investors Weigh In On Invesco Galaxy Ethereum ETF

Several large investors have recently made changes to their positions in QETH. Brookstone Capital Management raised its holdings in shares of Invesco Galaxy Ethereum ETF by 21.3% during the fourth quarter. Brookstone Capital Management now owns 11,417 shares of the company’s stock worth $338,000 after acquiring an additional 2,002 shares during the period. Arete Wealth Advisors LLC bought a new position in Invesco Galaxy Ethereum ETF during the 1st quarter worth about $627,000. Meitav Investment House Ltd. raised its stake in shares of Invesco Galaxy Ethereum ETF by 10.9% in the 1st quarter. Meitav Investment House Ltd. now owns 40,222 shares of the company’s stock valued at $839,000 after purchasing an additional 3,940 shares during the period. Jane Street Group LLC lifted its holdings in shares of Invesco Galaxy Ethereum ETF by 666.0% in the second quarter. Jane Street Group LLC now owns 83,341 shares of the company’s stock valued at $2,096,000 after purchasing an additional 72,461 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in shares of Invesco Galaxy Ethereum ETF by 16.3% during the fourth quarter. Virtu Financial LLC now owns 81,972 shares of the company’s stock worth $2,424,000 after buying an additional 11,465 shares during the period.

About Invesco Galaxy Ethereum ETF

The Invesco Galaxy Ethereum ETF (QETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of ether, less then trust expenses and other liabilities. QETH was launched on Jul 23, 2024 and is issued by Invesco.