Short Interest in Invesco Galaxy Bitcoin ETF (BATS:BTCO) Expands By 779.7%

Invesco Galaxy Bitcoin ETF (BATS:BTCO) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 82,713 shares, an increase of 779.7% from the June 15th total of 9,402 shares. Based on an average trading volume of 206,729 shares, the short-interest ratio is currently 0.4 days. Currently, 1.6% of the shares of the company are short sold.

Invesco Galaxy Bitcoin ETF Price Performance

Shares of BTCO stock opened at $63.56 on Monday. Invesco Galaxy Bitcoin ETF has a 52-week low of $57.76 and a 52-week high of $125.96. The firm’s 50-day moving average is $68.65 and its 200-day moving average is $73.88.

Institutional Trading of Invesco Galaxy Bitcoin ETF

Several institutional investors and hedge funds have recently bought and sold shares of BTCO. Galaxy Digital Inc. bought a new position in shares of Invesco Galaxy Bitcoin ETF during the 1st quarter worth approximately $48,916,000. Galaxy Group Investments LLC bought a new stake in Invesco Galaxy Bitcoin ETF in the 4th quarter valued at $63,198,000. Gradient Investments LLC bought a new stake in Invesco Galaxy Bitcoin ETF in the 4th quarter valued at $36,190,000. Tidal Investments LLC lifted its holdings in Invesco Galaxy Bitcoin ETF by 173.5% during the 3rd 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 last quarter. Finally, Virtu Financial LLC lifted its holdings in Invesco Galaxy Bitcoin ETF by 936.2% during the 3rd quarter. Virtu Financial LLC now owns 102,645 shares of the company’s stock valued at $11,702,000 after purchasing 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.