Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Large Volume Increase – Here’s What Happened

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) shares saw strong trading volume on Monday . 478,406 shares were traded during mid-day trading, an increase of 131% from the previous session’s volume of 207,327 shares.The stock last traded at $101.90 and had previously closed at $101.40.

Invesco Galaxy Bitcoin ETF Trading Down 1.4 %

The stock’s fifty day moving average price is $98.95 and its 200-day moving average price is $78.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc boosted its position in shares of Invesco Galaxy Bitcoin ETF by 32.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,540 shares of the company’s stock worth $144,000 after acquiring an additional 380 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in Invesco Galaxy Bitcoin ETF during the fourth quarter worth approximately $221,000. Fortress Financial Solutions LLC acquired a new position in Invesco Galaxy Bitcoin ETF in the fourth quarter valued at approximately $227,000. Fermata Advisors LLC purchased a new position in Invesco Galaxy Bitcoin ETF in the third quarter valued at approximately $238,000. Finally, Financial Security Advisor Inc. acquired a new stake in Invesco Galaxy Bitcoin ETF during the fourth quarter worth approximately $272,000.

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.