Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Sees Large Growth in Short Interest

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 742 shares, an increase of 79.2% from the July 15th total of 414 shares. Based on an average daily volume of 1,895 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco Alerian Galaxy Crypto Economy ETF Stock Performance

Shares of BATS:SATO opened at $15.62 on Monday. The stock has a market capitalization of $9.37 million, a price-to-earnings ratio of 18.87 and a beta of 2.94. Invesco Alerian Galaxy Crypto Economy ETF has a 1-year low of $13.30 and a 1-year high of $31.55. The company has a 50 day moving average price of $16.41 and a 200 day moving average price of $16.68.

Institutional Investors Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

An institutional investor recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. CreativeOne Wealth LLC lifted its stake 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 & Exchange Commission. The institutional investor owned 13,633 shares of the company’s stock after acquiring an additional 2,210 shares during the quarter. CreativeOne Wealth LLC owned 2.27% of Invesco Alerian Galaxy Crypto Economy ETF worth $242,000 at the end of the most recent reporting period.

Invesco Alerian Galaxy Crypto Economy ETF Company Profile

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.