Invesco Galaxy Bitcoin ETF (BATS:BTCO) Short Interest Down 51.3% in May

Invesco Galaxy Bitcoin ETF (BATS:BTCO) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 5,648 shares, a decrease of 51.3% from the May 14th total of 11,596 shares. Based on an average daily trading volume, of 82,718 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Invesco Galaxy Bitcoin ETF Stock Performance

BATS BTCO opened at $63.25 on Friday. Invesco Galaxy Bitcoin ETF has a 1 year low of $58.83 and a 1 year high of $125.96. The company has a fifty day moving average price of $73.30 and a 200-day moving average price of $77.75.

Institutional Trading of Invesco Galaxy Bitcoin ETF

Institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco Galaxy Bitcoin ETF by 152.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 358 shares of the company’s stock worth $31,000 after acquiring an additional 216 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 1st quarter worth $40,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 4th quarter worth $43,000. Raymond James Financial Inc. bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter worth $55,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Invesco Galaxy Bitcoin ETF in the 3rd quarter worth $59,000.

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.