Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Shares Up 4.6% – Here’s What Happened

Shares of Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) shot up 4.6% on Friday . The company traded as high as $17.23 and last traded at $16.98. 96,548 shares were traded during mid-day trading, a decline of 30% from the average session volume of 137,602 shares. The stock had previously closed at $16.23.

Bitwise Crypto Industry Innovators ETF Price Performance

The firm has a market cap of $200.87 million, a PE ratio of 15.45 and a beta of 3.12. The business has a 50-day moving average price of $13.45 and a two-hundred day moving average price of $16.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BITQ. Clearstead Trust LLC boosted its stake in shares of Bitwise Crypto Industry Innovators ETF by 100.0% during the fourth quarter. Clearstead Trust LLC now owns 2,312 shares of the company’s stock valued at $39,000 after acquiring an additional 1,156 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Bitwise Crypto Industry Innovators ETF by 59.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,754 shares of the company’s stock valued at $47,000 after acquiring an additional 1,024 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Bitwise Crypto Industry Innovators ETF during the fourth quarter valued at $175,000. Rothschild Investment LLC boosted its stake in shares of Bitwise Crypto Industry Innovators ETF by 32.9% during the first quarter. Rothschild Investment LLC now owns 24,250 shares of the company’s stock valued at $294,000 after acquiring an additional 6,000 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of Bitwise Crypto Industry Innovators ETF by 12.8% during the first quarter. AdvisorNet Financial Inc now owns 32,509 shares of the company’s stock valued at $395,000 after acquiring an additional 3,695 shares during the last quarter.

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.