Invesco Galaxy Bitcoin ETF (BATS:BTCO) Sees Large Drop in Short Interest

Invesco Galaxy Bitcoin ETF (BATS:BTCO) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,530 shares, a decrease 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 stock are short sold.

Hedge Funds Weigh In On Invesco Galaxy Bitcoin ETF

Hedge funds have recently bought and sold shares of the company. Galaxy Digital Inc. purchased a new stake in Invesco Galaxy Bitcoin ETF during the first quarter worth $48,916,000. Galaxy Group Investments LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the fourth quarter valued at $63,198,000. Tidal Investments LLC increased its position in shares of Invesco Galaxy Bitcoin ETF by 173.5% in the third quarter. Tidal Investments LLC now owns 289,594 shares of the company’s stock valued at $33,017,000 after buying an additional 183,694 shares in the last quarter. Virtu Financial LLC increased its position in shares of Invesco Galaxy Bitcoin ETF by 936.2% in the third quarter. Virtu Financial LLC now owns 102,645 shares of the company’s stock valued at $11,702,000 after buying an additional 92,739 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC increased its position in shares of Invesco Galaxy Bitcoin ETF by 611.1% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 21,419 shares of the company’s stock valued at $1,867,000 after buying an additional 18,407 shares in the last quarter.

Invesco Galaxy Bitcoin ETF Trading Down 0.9%

BTCO stock opened at $63.82 on Friday. The firm has a 50 day moving average of $65.54 and a 200-day moving average of $72.38. Invesco Galaxy Bitcoin ETF has a 12-month low of $57.76 and a 12-month high of $125.96.

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.