Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Shares Up 58.5% – What’s Next?

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO)’s share price rose 58.5% on Wednesday . The stock traded as high as $13.32 and last traded at $20.11. Approximately 18,660 shares were traded during trading, an increase of 104% from the average daily volume of 9,139 shares. The stock had previously closed at $12.68.

Invesco Alerian Galaxy Crypto Economy ETF Trading Up 58.5%

The business has a fifty day simple moving average of $20.33 and a two-hundred day simple moving average of $17.73. The stock has a market cap of $12.06 million, a PE ratio of 18.87 and a beta of 2.94.

Institutional Investors Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

An institutional investor recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. Jane Street Group LLC raised its position in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,131 shares of the company’s stock after buying an additional 16,898 shares during the quarter. Jane Street Group LLC owned about 7.71% of Invesco Alerian Galaxy Crypto Economy ETF worth $952,000 at the end of the most recent quarter.

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.