Short Interest in Invesco Galaxy Ethereum ETF (BATS:QETH) Drops By 66.2%

Invesco Galaxy Ethereum ETF (BATS:QETH) was the target of a large drop in short interest during the month of 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. Based on an average daily volume of 32,382 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Galaxy Ethereum ETF

A number of large investors have recently added to or reduced their stakes in the business. Brookstone Capital Management lifted its holdings in Invesco Galaxy Ethereum ETF by 21.3% during the 4th quarter. Brookstone Capital Management now owns 11,417 shares of the company’s stock valued at $338,000 after purchasing an additional 2,002 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of Invesco Galaxy Ethereum ETF in the first quarter valued at $627,000. Meitav Investment House Ltd. increased its holdings in shares of Invesco Galaxy Ethereum ETF by 10.9% in the first quarter. Meitav Investment House Ltd. now owns 40,222 shares of the company’s stock valued at $839,000 after purchasing an additional 3,940 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Invesco Galaxy Ethereum ETF by 666.0% in the second quarter. Jane Street Group LLC now owns 83,341 shares of the company’s stock valued at $2,096,000 after purchasing an additional 72,461 shares during the last quarter. Finally, Virtu Financial LLC raised its position in shares of Invesco Galaxy Ethereum ETF by 16.3% in the fourth 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 period.

Invesco Galaxy Ethereum ETF Price Performance

Shares of BATS QETH opened at $15.68 on Friday. The business’s 50 day moving average price is $20.16 and its two-hundred day moving average price is $23.31. Invesco Galaxy Ethereum ETF has a twelve month low of $15.25 and a twelve month high of $48.44.

About Invesco Galaxy Ethereum ETF

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.