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

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

Institutional Investors Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

An institutional investor recently bought a new position in Invesco Alerian Galaxy Crypto Economy ETF stock. Jane Street Group LLC bought a new position in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,822 shares of the company’s stock, valued at approximately $476,000. Jane Street Group LLC owned about 4.47% of Invesco Alerian Galaxy Crypto Economy ETF as of its most recent SEC filing.

Invesco Alerian Galaxy Crypto Economy ETF Price Performance

Invesco Alerian Galaxy Crypto Economy ETF stock opened at $15.62 on Friday. Invesco Alerian Galaxy Crypto Economy ETF has a 1-year low of $13.30 and a 1-year high of $31.55. The stock has a market cap of $9.37 million, a PE ratio of 18.87 and a beta of 2.94. The stock’s fifty day moving average is $16.41 and its two-hundred day moving average is $16.69.

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.