Short Interest in Invesco Galaxy Bitcoin ETF (BATS:BTCO) Expands By 87.1%

Invesco Galaxy Bitcoin ETF (BATS:BTCO) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 11,596 shares, a growth of 87.1% from the April 30th total of 6,197 shares. Based on an average daily trading volume, of 94,461 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Invesco Galaxy Bitcoin ETF Price Performance

BTCO stock opened at $65.03 on Thursday. Invesco Galaxy Bitcoin ETF has a one year low of $62.01 and a one year high of $125.96. The company’s fifty day moving average price is $74.08 and its 200-day moving average price is $79.11.

Hedge Funds Weigh In On Invesco Galaxy Bitcoin ETF

Hedge funds have recently modified their holdings of the stock. Paladin Wealth LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the fourth quarter worth $1,233,000. Gradient Investments LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the fourth quarter worth $36,190,000. Cresset Asset Management LLC lifted its holdings in shares of Invesco Galaxy Bitcoin ETF by 18.7% in the third quarter. Cresset Asset Management LLC now owns 572,095 shares of the company’s stock worth $65,225,000 after buying an additional 90,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the fourth quarter worth $727,000. Finally, Key Client Fiduciary Advisors LLC lifted its holdings in shares of Invesco Galaxy Bitcoin ETF by 611.1% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 21,419 shares of the company’s stock worth $1,867,000 after buying an additional 18,407 shares in the last quarter.

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.