Invesco Galaxy Bitcoin ETF (BATS:BTCO) Short Interest Down 51.3% in May

Invesco Galaxy Bitcoin ETF (BATS:BTCO) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,648 shares, a decline of 51.3% from the May 14th total of 11,596 shares. Based on an average trading volume of 82,718 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Invesco Galaxy Bitcoin ETF Stock Performance

Invesco Galaxy Bitcoin ETF stock opened at $63.25 on Friday. Invesco Galaxy Bitcoin ETF has a 12-month low of $58.83 and a 12-month high of $125.96. The firm’s fifty day moving average is $73.30 and its 200 day moving average is $77.75.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BTCO. Galaxy Digital Inc. acquired a new position in shares of Invesco Galaxy Bitcoin ETF during the 1st quarter valued at $48,916,000. Galaxy Group Investments LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF during the 4th quarter valued at $63,198,000. Gradient Investments LLC acquired a new position in shares of Invesco Galaxy Bitcoin ETF during the 4th quarter valued at $36,190,000. Tidal Investments LLC lifted its position in shares of Invesco Galaxy Bitcoin ETF by 173.5% during the 3rd quarter. Tidal Investments LLC now owns 289,594 shares of the company’s stock valued at $33,017,000 after acquiring an additional 183,694 shares during the period. Finally, Virtu Financial LLC lifted its position in shares of Invesco Galaxy Bitcoin ETF by 936.2% during the 3rd quarter. Virtu Financial LLC now owns 102,645 shares of the company’s stock valued at $11,702,000 after acquiring an additional 92,739 shares during the period.

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.