Invesco Galaxy Ethereum ETF (BATS:QETH) Sees Large Drop in Short Interest

Invesco Galaxy Ethereum ETF (BATS:QETH) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 5,767 shares, a drop of 66.2% from the May 31st total of 17,044 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 32,382 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Galaxy Ethereum ETF Trading Up 3.1%

Shares of Invesco Galaxy Ethereum ETF stock opened at $16.16 on Tuesday. Invesco Galaxy Ethereum ETF has a 1 year low of $15.25 and a 1 year high of $48.44. The company has a 50 day simple moving average of $20.02 and a two-hundred day simple moving average of $23.16.

Institutional Trading of Invesco Galaxy Ethereum ETF

A number of hedge funds have recently made changes to their positions in QETH. Brookstone Capital Management increased its stake in Invesco Galaxy Ethereum ETF by 21.3% in the fourth quarter. Brookstone Capital Management now owns 11,417 shares of the company’s stock valued at $338,000 after acquiring an additional 2,002 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in Invesco Galaxy Ethereum ETF during the first quarter worth about $627,000. Meitav Investment House Ltd. lifted its stake in Invesco Galaxy Ethereum ETF by 10.9% during the first quarter. Meitav Investment House Ltd. now owns 40,222 shares of the company’s stock worth $839,000 after purchasing an additional 3,940 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Invesco Galaxy Ethereum ETF by 666.0% in the 2nd quarter. Jane Street Group LLC now owns 83,341 shares of the company’s stock worth $2,096,000 after purchasing an additional 72,461 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Invesco Galaxy Ethereum ETF by 16.3% during the 4th quarter. Virtu Financial LLC now owns 81,972 shares of the company’s stock valued at $2,424,000 after purchasing an additional 11,465 shares during the last quarter.

Invesco Galaxy Ethereum ETF Company Profile

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.