Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Shares Up 2.5% – Here’s What Happened

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO)’s share price shot up 2.5% on Monday . The stock traded as high as $15.74 and last traded at $15.74. 1,482 shares traded hands during trading, a decline of 68% from the average daily volume of 4,686 shares. The stock had previously closed at $15.35.

Invesco Alerian Galaxy Crypto Economy ETF Stock Performance

The company has a market capitalization of $9.44 million, a P/E ratio of 18.87 and a beta of 2.94. The stock’s fifty day moving average price is $16.95 and its 200-day moving average price is $16.96.

Institutional Trading of Invesco Alerian Galaxy Crypto Economy ETF

A hedge fund recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. Jane Street Group LLC increased its holdings in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 19.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,056 shares of the company’s stock after acquiring an additional 9,170 shares during the quarter. Jane Street Group LLC owned about 9.34% of Invesco Alerian Galaxy Crypto Economy ETF worth $1,063,000 as of its most recent SEC filing.

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.