Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) saw unusually-high trading volume on Wednesday . Approximately 315,997 shares traded hands during trading, an increase of 10% from the previous session’s volume of 287,561 shares.The stock last traded at $87.82 and had previously closed at $86.67.

Invesco Galaxy Bitcoin ETF Trading Down 1.6 %

The firm has a 50-day simple moving average of $96.37 and a 200-day simple moving average of $82.70.

Institutional Investors Weigh In On Invesco Galaxy Bitcoin ETF

Institutional investors have recently added to or reduced their stakes in the business. Synergy Investment Management LLC purchased a new stake in shares of Invesco Galaxy Bitcoin ETF during the fourth quarter valued at $28,000. AdvisorNet Financial Inc grew its stake in Invesco Galaxy Bitcoin ETF by 32.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,540 shares of the company’s stock valued at $144,000 after purchasing an additional 380 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Invesco Galaxy Bitcoin ETF in the fourth quarter valued at about $221,000. NewEdge Advisors LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the fourth quarter worth about $225,000. Finally, Fortress Financial Solutions LLC purchased a new position in shares of Invesco Galaxy Bitcoin ETF in the fourth quarter worth about $227,000.

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.