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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 162,273 shares, a drop of 22.6% from the November 30th total of 209,748 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 175,463 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 175,463 shares, the short-interest ratio is currently 0.9 days. Approximately 0.9% of the shares of the company are short sold.

Bitwise Crypto Industry Innovators ETF Stock Performance

Bitwise Crypto Industry Innovators ETF stock traded down $0.27 during midday trading on Wednesday, reaching $19.93. 119,303 shares of the stock were exchanged, compared to its average volume of 191,416. Bitwise Crypto Industry Innovators ETF has a 52 week low of $10.50 and a 52 week high of $31.45. The firm has a market cap of $353.36 million, a PE ratio of 27.61 and a beta of 3.17. The company’s fifty day moving average is $23.50 and its 200-day moving average is $22.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. LRI Investments LLC raised its stake in Bitwise Crypto Industry Innovators ETF by 510.5% in the third quarter. LRI Investments LLC now owns 127,602 shares of the company’s stock valued at $3,199,000 after purchasing an additional 106,702 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Bitwise Crypto Industry Innovators ETF by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 111,870 shares of the company’s stock valued at $2,206,000 after acquiring an additional 8,991 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Bitwise Crypto Industry Innovators ETF by 6.2% during the second quarter. Janney Montgomery Scott LLC now owns 109,665 shares of the company’s stock worth $2,163,000 after purchasing an additional 6,356 shares during the last quarter. Advantage Trust Co purchased a new position in shares of Bitwise Crypto Industry Innovators ETF in the 2nd quarter worth about $93,000. Finally, Farther Finance Advisors LLC increased its position in shares of Bitwise Crypto Industry Innovators ETF by 117.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,443 shares of the company’s stock valued at $136,000 after purchasing an additional 2,936 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.