Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Short Interest Up 247.2% in June

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 566 shares, an increase of 247.2% from the June 15th total of 163 shares. Based on an average daily volume of 1,724 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco Alerian Galaxy Crypto Economy ETF stock. CreativeOne Wealth LLC grew its stake in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,633 shares of the company’s stock after acquiring an additional 2,210 shares during the period. CreativeOne Wealth LLC owned about 2.27% of Invesco Alerian Galaxy Crypto Economy ETF worth $242,000 at the end of the most recent quarter.

Invesco Alerian Galaxy Crypto Economy ETF Stock Performance

SATO stock opened at $16.18 on Monday. Invesco Alerian Galaxy Crypto Economy ETF has a twelve month low of $13.30 and a twelve month high of $31.55. The company has a market capitalization of $9.71 million, a P/E ratio of 18.87 and a beta of 2.94. The firm has a 50 day simple moving average of $17.92 and a 200-day simple moving average of $17.33.

About Invesco Alerian Galaxy Crypto Economy ETF

The Invesco Alerian Galaxy Crypto Economy ETF (SATO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that holds cryptocurrency-focused equities, and crypto ETPs and trusts. The index is weighted in tier. SATO was launched on Oct 7, 2021 and is managed by Invesco.