Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC) Shares Down 17.3% – Here’s Why

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC)’s share price dropped 17.3% during trading on Friday . The stock traded as low as $29.8032 and last traded at $25.3740. Approximately 981 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 1,648 shares. The stock had previously closed at $30.6870.

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF Trading Down 17.3%

The company’s 50-day moving average price is $25.75 and its two-hundred day moving average price is $26.59. The company has a market cap of $3.81 million, a P/E ratio of 22.75 and a beta of 2.09.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF during the 3rd quarter valued at $1,053,000. Flow Traders U.S. LLC acquired a new stake in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF during the third quarter worth $975,000. Jane Street Group LLC raised its position in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 8.8% during the first quarter. Jane Street Group LLC now owns 17,990 shares of the company’s stock worth $334,000 after purchasing an additional 1,451 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 129.8% during the second quarter. Bank of America Corp DE now owns 1,838 shares of the company’s stock valued at $44,000 after purchasing an additional 1,038 shares during the last quarter.

About Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

The Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The investment objective of this Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the NYSE FactSet Global Blockchain Technologies Capped Index. BLKC was launched on Oct 7, 2021 and is managed by BlackRock.