Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Short Interest Up 79.5% in August

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 193,160 shares, an increase of 79.5% from the July 30th total of 107,630 shares. Based on an average daily volume of 69,371 shares, the short-interest ratio is presently 2.8 days. Currently, 1.2% of the company’s shares are sold short.

Bitwise Crypto Industry Innovators ETF Price Performance

Shares of NYSEARCA BITQ traded down $1.57 during mid-day trading on Friday, hitting $24.67. The company’s stock had a trading volume of 79,437 shares, compared to its average volume of 173,529. The stock has a market cap of $413.72 million, a price-to-earnings ratio of 27.61 and a beta of 3.14. Bitwise Crypto Industry Innovators ETF has a one year low of $16.65 and a one year high of $31.45. The company’s fifty day simple moving average is $23.93 and its 200-day simple moving average is $23.42.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in Bitwise Crypto Industry Innovators ETF by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 111,870 shares of the company’s stock worth $2,206,000 after acquiring an additional 8,991 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Bitwise Crypto Industry Innovators ETF by 19.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 8,197 shares of the company’s stock worth $205,000 after purchasing an additional 1,337 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Bitwise Crypto Industry Innovators ETF by 31.1% in the 4th quarter. Farther Finance Advisors LLC now owns 7,138 shares of the company’s stock worth $142,000 after purchasing an additional 1,695 shares during the last quarter. Sigma Planning Corp bought a new position in shares of Bitwise Crypto Industry Innovators ETF in the 4th quarter worth $202,000. Finally, LRI Investments LLC grew its stake in shares of Bitwise Crypto Industry Innovators ETF by 4.0% during the fourth quarter. LRI Investments LLC now owns 132,727 shares of the company’s stock worth $2,645,000 after purchasing an additional 5,125 shares during the period.

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.