Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 72,993 shares, a decrease of 37.5% from the June 15th total of 116,862 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 127,122 shares, the days-to-cover ratio is currently 0.6 days.
Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF
Several large investors have recently modified their holdings of the business. Fifth Third Bancorp increased its stake in Bitwise Crypto Industry Innovators ETF by 88.3% in the 1st quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock worth $37,000 after acquiring an additional 922 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the fourth quarter valued at about $43,000. Sankala Group LLC bought a new stake in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth about $60,000. PNC Financial Services Group Inc. boosted its holdings in shares of Bitwise Crypto Industry Innovators ETF by 53.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,442 shares of the company’s stock worth $69,000 after purchasing an additional 1,202 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at about $70,000.
Bitwise Crypto Industry Innovators ETF Price Performance
Shares of Bitwise Crypto Industry Innovators ETF stock opened at $22.12 on Friday. The firm has a market cap of $366.09 million, a PE ratio of 27.61 and a beta of 3.13. Bitwise Crypto Industry Innovators ETF has a 1 year low of $16.65 and a 1 year high of $31.45. The stock has a fifty day moving average price of $26.00 and a 200-day moving average price of $23.05.
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.
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