Invesco Galaxy Bitcoin ETF (BATS:BTCO) Short Interest Down 93.3% in July

Invesco Galaxy Bitcoin ETF (BATS:BTCO) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 5,530 shares, a decrease of 93.3% from the June 30th total of 82,713 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 54,142 shares, the short-interest ratio is currently 0.1 days.

Invesco Galaxy Bitcoin ETF Price Performance

BTCO opened at $63.82 on Friday. The business has a 50 day simple moving average of $65.54 and a 200-day simple moving average of $72.38. Invesco Galaxy Bitcoin ETF has a 12 month low of $57.76 and a 12 month high of $125.96.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Invesco Galaxy Bitcoin ETF by 152.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 358 shares of the company’s stock worth $31,000 after purchasing an additional 216 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the 4th quarter valued at about $43,000. Raymond James Financial Inc. purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the 2nd quarter valued at about $55,000. Kelleher Financial Advisors purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the 3rd quarter valued at about $59,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Invesco Galaxy Bitcoin ETF in the third quarter valued at about $65,000.

About Invesco Galaxy Bitcoin ETF

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.