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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 430,721 shares, a growth of 80.9% from the December 31st total of 238,060 shares. Based on an average daily volume of 147,162 shares, the short-interest ratio is presently 2.9 days. Currently, 2.2% of the company’s stock are sold short. Currently, 2.2% of the company’s stock are sold short. Based on an average daily volume of 147,162 shares, the short-interest ratio is presently 2.9 days.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Preferred LLC bought a new stake in Bitwise Crypto Industry Innovators ETF during the third quarter worth $28,000. Sound Income Strategies LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth about $43,000. Advantage Trust Co bought a new stake in Bitwise Crypto Industry Innovators ETF in the second quarter worth about $93,000. Farther Finance Advisors LLC boosted its stake in Bitwise Crypto Industry Innovators ETF by 117.1% in the third quarter. Farther Finance Advisors LLC now owns 5,443 shares of the company’s stock valued at $136,000 after acquiring an additional 2,936 shares during the last quarter. Finally, Sigma Planning Corp bought a new position in shares of Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at approximately $202,000.

Bitwise Crypto Industry Innovators ETF Price Performance

Shares of BITQ traded down $1.13 during trading hours on Friday, hitting $21.18. The stock had a trading volume of 195,456 shares, compared to its average volume of 278,723. Bitwise Crypto Industry Innovators ETF has a 1-year low of $10.50 and a 1-year high of $31.45. The firm has a market capitalization of $411.32 million, a P/E ratio of 27.61 and a beta of 3.17. The firm has a 50 day simple moving average of $22.25 and a 200-day simple moving average of $23.02.

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.