Invesco Galaxy Bitcoin ETF (BATS:BTCO) Short Interest Up 210.6% in July

Invesco Galaxy Bitcoin ETF (BATS:BTCO) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 17,178 shares, a growth of 210.6% from the July 15th total of 5,530 shares. Based on an average daily trading volume, of 41,270 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF during the first quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. bought a new position in Invesco Galaxy Bitcoin ETF in the 4th quarter valued at about $43,000. Raymond James Financial Inc. bought a new position in Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $55,000. Kelleher Financial Advisors acquired a new position in Invesco Galaxy Bitcoin ETF during the 3rd quarter valued at about $59,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Invesco Galaxy Bitcoin ETF during the 3rd quarter valued at about $65,000.

Invesco Galaxy Bitcoin ETF Stock Performance

BTCO opened at $62.98 on Friday. The stock’s 50 day moving average price is $62.96 and its 200 day moving average price is $69.43. 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.