Short Interest in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Rises By 46.7%

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 238,060 shares, a growth of 46.7% from the December 15th total of 162,273 shares. Based on an average trading volume of 131,920 shares, the short-interest ratio is presently 1.8 days. Currently, 1.3% of the company’s stock are sold short. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 131,920 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

Hedge funds have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new stake in Bitwise Crypto Industry Innovators ETF in the 3rd quarter worth $28,000. Advantage Trust Co bought a new position in Bitwise Crypto Industry Innovators ETF in the 2nd quarter worth $93,000. Farther Finance Advisors LLC lifted its position in shares of Bitwise Crypto Industry Innovators ETF by 117.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,443 shares of the company’s stock worth $136,000 after purchasing an additional 2,936 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Bitwise Crypto Industry Innovators ETF by 19.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 8,197 shares of the company’s stock valued at $205,000 after purchasing an additional 1,337 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Bitwise Crypto Industry Innovators ETF during the second quarter valued at about $412,000.

Bitwise Crypto Industry Innovators ETF Price Performance

Shares of NYSEARCA BITQ traded up $0.96 during midday trading on Friday, reaching $24.24. The company’s stock had a trading volume of 137,992 shares, compared to its average volume of 146,281. The stock has a market capitalization of $431.47 million, a P/E ratio of 27.61 and a beta of 3.17. The firm has a 50 day moving average price of $22.09 and a 200-day moving average price of $22.86. Bitwise Crypto Industry Innovators ETF has a 12-month low of $10.50 and a 12-month high of $31.45.

Bitwise Crypto Industry Innovators ETF Company Profile

The Bitwise Crypto Industry Innovators ETF (BITQ) is an exchange-traded fund that is based on the Bitwise Crypto Innovators 30 index. The fund is passively managed to track a modified market-cap-weighted index of global companies supporting a crypto-asset-enabled decentralized economy. BITQ was launched on May 11, 2021 and is managed by Bitwise.