Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Short Interest Update

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 122,876 shares, a decline of 24.8% from the March 15th total of 163,337 shares. Based on an average daily trading volume, of 137,687 shares, the short-interest ratio is currently 0.9 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the 3rd quarter valued at about $28,000. Sound Income Strategies LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at about $43,000. Sankala Group LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at about $60,000. PNC Financial Services Group Inc. grew its stake in Bitwise Crypto Industry Innovators ETF by 53.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,442 shares of the company’s stock valued at $69,000 after acquiring an additional 1,202 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at about $70,000.

Bitwise Crypto Industry Innovators ETF Stock Performance

Shares of BITQ stock traded down $0.57 on Thursday, reaching $22.91. 47,384 shares of the company were exchanged, compared to its average volume of 240,796. The company has a market cap of $406.65 million, a price-to-earnings ratio of 27.61 and a beta of 3.14. The business has a 50-day moving average price of $20.04 and a 200 day moving average price of $22.60. Bitwise Crypto Industry Innovators ETF has a 1 year low of $11.73 and a 1 year high of $31.45.

About Bitwise Crypto Industry Innovators ETF

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.