Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Short Interest Up 79.2% in July

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 742 shares, a growth of 79.2% from the July 15th total of 414 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,895 shares, the short-interest ratio is currently 0.4 days.

Invesco Alerian Galaxy Crypto Economy ETF Stock Performance

BATS:SATO opened at $15.62 on Friday. Invesco Alerian Galaxy Crypto Economy ETF has a one year low of $13.30 and a one year high of $31.55. The firm has a market cap of $9.37 million, a P/E ratio of 18.87 and a beta of 2.94. The firm has a 50-day simple moving average of $16.41 and a 200-day simple moving average of $16.69.

Hedge Funds Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

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

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.