Short Interest in Invesco Galaxy Ethereum ETF (BATS:QETH) Decreases By 39.7%

Invesco Galaxy Ethereum ETF (BATS:QETH) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 5,897 shares, a drop of 39.7% from the August 15th total of 9,787 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 48,050 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Arete Wealth Advisors LLC purchased a new position in shares of Invesco Galaxy Ethereum ETF in the first quarter worth $627,000. Meitav Investment House Ltd. boosted its position in shares of Invesco Galaxy Ethereum ETF by 10.9% during the first quarter. Meitav Investment House Ltd. now owns 40,222 shares of the company’s stock valued at $839,000 after buying an additional 3,940 shares during the last quarter. Virtu Financial LLC boosted its position in shares of Invesco Galaxy Ethereum ETF by 16.3% during the fourth quarter. Virtu Financial LLC now owns 81,972 shares of the company’s stock valued at $2,424,000 after buying an additional 11,465 shares during the last quarter. Finally, Galaxy Digital Inc. bought a new stake in Invesco Galaxy Ethereum ETF in the 1st quarter worth about $6,052,000.

Invesco Galaxy Ethereum ETF Stock Performance

Shares of BATS QETH opened at $24.02 on Wednesday. Invesco Galaxy Ethereum ETF has a twelve month low of $15.25 and a twelve month high of $47.47. The company has a 50 day moving average of $20.91 and a 200 day moving average of $20.50.

Invesco Galaxy Ethereum ETF Company Profile

The Invesco Galaxy Ethereum ETF (QETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of ether, less then trust expenses and other liabilities. QETH was launched on Jul 23, 2024 and is issued by Invesco.