Invesco Galaxy Bitcoin ETF (BATS:BTCO – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 82,713 shares, an increase of 779.7% from the June 15th total of 9,402 shares. Based on an average trading volume of 206,729 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the company’s shares are sold short.
Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF
A number of hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Invesco Galaxy Bitcoin ETF by 152.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 358 shares of the company’s stock valued at $31,000 after buying an additional 216 shares during the period. Western Wealth Management LLC bought a new position in shares of Invesco Galaxy Bitcoin ETF during the 1st quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Invesco Galaxy Bitcoin ETF during the 4th quarter worth approximately $43,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Galaxy Bitcoin ETF during the 2nd quarter worth approximately $55,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 3rd quarter valued at $59,000.
Invesco Galaxy Bitcoin ETF Price Performance
BTCO stock opened at $63.56 on Friday. The stock has a 50-day moving average price of $68.65 and a 200-day moving average price of $73.98. Invesco Galaxy Bitcoin ETF has a 1-year low of $57.76 and a 1-year high of $125.96.
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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