Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Short Interest Update

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 566 shares, an increase of 247.2% from the June 15th total of 163 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,724 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

A hedge fund recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. CreativeOne Wealth LLC grew its holdings in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,633 shares of the company’s stock after buying an additional 2,210 shares during the quarter. CreativeOne Wealth LLC owned 2.27% of Invesco Alerian Galaxy Crypto Economy ETF worth $242,000 as of its most recent SEC filing.

Invesco Alerian Galaxy Crypto Economy ETF Stock Performance

Shares of BATS SATO opened at $15.64 on Tuesday. Invesco Alerian Galaxy Crypto Economy ETF has a 1 year low of $13.30 and a 1 year high of $31.55. The firm has a market cap of $9.38 million, a price-to-earnings ratio of 18.87 and a beta of 2.94. The stock’s 50-day simple moving average is $17.89 and its 200-day simple moving average is $17.31.

About Invesco Alerian Galaxy Crypto Economy ETF

The Invesco Alerian Galaxy Crypto Economy ETF (SATO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that holds cryptocurrency-focused equities, and crypto ETPs and trusts. The index is weighted in tier. SATO was launched on Oct 7, 2021 and is managed by Invesco.