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

Invesco Galaxy Bitcoin ETF (BATS:BTCO) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 320,097 shares, an increase of 1,763.4% from the July 30th total of 17,178 shares. Currently, 6.2% of the company’s stock are short sold. Based on an average daily volume of 56,709 shares, the days-to-cover ratio is presently 5.6 days.

Invesco Galaxy Bitcoin ETF Trading Up 0.2%

BTCO traded up $0.17 during trading on Tuesday, hitting $78.52. 49,044 shares of the stock were exchanged, compared to its average volume of 116,681. Invesco Galaxy Bitcoin ETF has a 1-year low of $57.76 and a 1-year high of $125.96. The stock has a fifty day moving average price of $63.90 and a two-hundred day moving average price of $68.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Galaxy Digital Inc. purchased a new stake in Invesco Galaxy Bitcoin ETF in the 1st quarter worth approximately $48,916,000. Galaxy Group Investments LLC acquired a new stake in shares of Invesco Galaxy Bitcoin ETF in the fourth quarter worth approximately $63,198,000. Tidal Investments LLC grew its holdings in 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 purchasing an additional 183,694 shares during the period. Virtu Financial LLC raised its position in shares of Invesco Galaxy Bitcoin ETF by 936.2% in the 3rd quarter. Virtu Financial LLC now owns 102,645 shares of the company’s stock worth $11,702,000 after buying an additional 92,739 shares during the period. Finally, Arete Wealth Advisors LLC grew its position in Invesco Galaxy Bitcoin ETF by 50.3% during the first quarter. Arete Wealth Advisors LLC now owns 46,051 shares of the company’s stock valued at $3,102,000 after acquiring an additional 15,404 shares during the period.

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.