Invesco Galaxy Ethereum ETF (BATS:QETH) Short Interest Update

Invesco Galaxy Ethereum ETF (BATS:QETH) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 5,897 shares, a drop of 39.7% from the August 15th total of 9,787 shares. Based on an average daily trading volume, of 48,050 shares, the short-interest ratio is currently 0.1 days. Approximately 0.6% of the company’s stock are sold short.

Invesco Galaxy Ethereum ETF Trading Down 4.9%

Shares of BATS:QETH opened at $24.02 on Wednesday. The stock has a fifty day simple moving average of $20.91 and a two-hundred day simple moving average of $20.50. Invesco Galaxy Ethereum ETF has a 12-month low of $15.25 and a 12-month high of $47.47.

Hedge Funds Weigh In On Invesco Galaxy Ethereum ETF

Several institutional investors and hedge funds have recently modified their holdings of QETH. Arete Wealth Advisors LLC bought a new position in Invesco Galaxy Ethereum ETF in the 1st quarter worth about $627,000. Meitav Investment House Ltd. increased its stake in Invesco Galaxy Ethereum ETF by 10.9% during the 1st 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 in the last quarter. Virtu Financial LLC increased its stake in Invesco Galaxy Ethereum ETF by 16.3% during the 4th 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 in the last quarter. Finally, Galaxy Digital Inc. bought a new stake in Invesco Galaxy Ethereum ETF during the 1st quarter valued at about $6,052,000.

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.