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

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) saw an uptick in trading volume on Thursday . 143,632 shares were traded during trading, an increase of 0% from the previous session’s volume of 143,115 shares.The stock last traded at $104.19 and had previously closed at $104.24.

Invesco Galaxy Bitcoin ETF Stock Up 1.5 %

The company has a fifty day simple moving average of $97.66 and a 200-day simple moving average of $75.71.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

A number of hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its position in Invesco Galaxy Bitcoin ETF by 32.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,540 shares of the company’s stock worth $144,000 after buying an additional 380 shares during the period. Brookstone Capital Management boosted its position in shares of Invesco Galaxy Bitcoin ETF by 23.8% in the 4th quarter. Brookstone Capital Management now owns 8,059 shares of the company’s stock worth $752,000 after buying an additional 1,547 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Invesco Galaxy Bitcoin ETF in the 4th quarter worth about $221,000. Fermata Advisors LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the 3rd quarter valued at about $238,000. Finally, Gilbert & Cook Inc. increased its holdings in Invesco Galaxy Bitcoin ETF by 124.4% during the 3rd quarter. Gilbert & Cook Inc. now owns 8,946 shares of the company’s stock valued at $568,000 after acquiring an additional 4,960 shares in the last quarter.

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.