Invesco Galaxy Bitcoin ETF (BATS:BTCO) Short Interest Down 85.0% in April

Invesco Galaxy Bitcoin ETF (BATS:BTCO) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 6,197 shares, a decline of 85.0% from the April 15th total of 41,447 shares. Based on an average trading volume of 87,036 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 Trading Up 2.3%

Invesco Galaxy Bitcoin ETF stock opened at $81.59 on Tuesday. Invesco Galaxy Bitcoin ETF has a 12-month low of $62.01 and a 12-month high of $125.96. The firm’s fifty day moving average is $72.40 and its 200 day moving average is $82.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Galaxy Group Investments LLC acquired a new position in Invesco Galaxy Bitcoin ETF during the fourth quarter worth $63,198,000. Cresset Asset Management LLC raised its holdings in Invesco Galaxy Bitcoin ETF by 18.7% during the third quarter. Cresset Asset Management LLC now owns 572,095 shares of the company’s stock worth $65,225,000 after buying an additional 90,000 shares during the last quarter. Gradient Investments LLC acquired a new position in Invesco Galaxy Bitcoin ETF during the fourth quarter worth $36,190,000. Tidal Investments LLC raised its holdings in Invesco Galaxy Bitcoin ETF by 173.5% during the third quarter. Tidal Investments LLC now owns 289,594 shares of the company’s stock worth $33,017,000 after buying an additional 183,694 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in Invesco Galaxy Bitcoin ETF by 936.2% during the third 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 last quarter.

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.