Invesco Galaxy Ethereum ETF (BATS:QETH – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 5,767 shares, a decrease of 66.2% from the May 31st total of 17,044 shares. Based on an average trading volume of 32,382 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the company’s stock are sold short.
Invesco Galaxy Ethereum ETF Stock Performance
Shares of BATS QETH opened at $15.68 on Monday. The business’s fifty day simple moving average is $20.16 and its 200-day simple moving average is $23.26. Invesco Galaxy Ethereum ETF has a 12-month low of $15.25 and a 12-month high of $48.44.
Institutional Investors Weigh In On Invesco Galaxy Ethereum ETF
A number of hedge funds have recently bought and sold shares of QETH. Arete Wealth Advisors LLC purchased a new position in shares of Invesco Galaxy Ethereum ETF in the 1st quarter valued at about $627,000. Galaxy Digital Inc. purchased a new stake in shares of Invesco Galaxy Ethereum ETF during the first quarter worth approximately $6,052,000. Meitav Investment House Ltd. raised its holdings in Invesco Galaxy Ethereum ETF by 10.9% in the first quarter. Meitav Investment House Ltd. now owns 40,222 shares of the company’s stock valued at $839,000 after acquiring an additional 3,940 shares in the last quarter. Virtu Financial LLC raised its holdings in Invesco Galaxy Ethereum ETF by 16.3% in the fourth quarter. Virtu Financial LLC now owns 81,972 shares of the company’s stock valued at $2,424,000 after acquiring an additional 11,465 shares in the last quarter. Finally, Galaxy Group Investments LLC purchased a new position in Invesco Galaxy Ethereum ETF in the fourth quarter worth approximately $8,575,000.
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.
Featured Articles
- Five stocks we like better than Invesco Galaxy Ethereum ETF
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for Invesco Galaxy Ethereum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Galaxy Ethereum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
