Invesco Galaxy Bitcoin ETF (BATS:BTCO) Sees Significant Increase in Short Interest

Invesco Galaxy Bitcoin ETF (BATS:BTCO) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 320,097 shares, an increase of 1,763.4% from the July 30th total of 17,178 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average daily volume of 56,709 shares, the days-to-cover ratio is currently 5.6 days.

Invesco Galaxy Bitcoin ETF Trading Down 0.6%

BTCO opened at $78.08 on Thursday. The firm has a fifty day moving average price of $64.45 and a 200 day moving average price of $68.69. Invesco Galaxy Bitcoin ETF has a 1 year low of $57.76 and a 1 year high of $125.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the 2nd quarter worth about $35,000. Western Wealth Management LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the 1st quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. acquired a new position in Invesco Galaxy Bitcoin ETF in the 4th quarter worth about $43,000. Raymond James Financial Inc. acquired a new position in Invesco Galaxy Bitcoin ETF in the 2nd quarter worth about $55,000. Finally, Kelleher Financial Advisors purchased a new position in Invesco Galaxy Bitcoin ETF during the third quarter worth approximately $59,000.

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.