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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 82,309 shares, a decrease of 57.9% from the April 30th total of 195,390 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 198,919 shares, the short-interest ratio is presently 0.4 days.

Bitwise Crypto Industry Innovators ETF Trading Up 1.0%

NYSEARCA:BITQ traded up $0.28 during trading hours on Monday, reaching $28.89. 163,419 shares of the company traded hands, compared to its average volume of 214,898. The business’s 50-day moving average price is $23.88 and its two-hundred day moving average price is $22.20. The stock has a market capitalization of $528.69 million, a P/E ratio of 27.61 and a beta of 3.09. Bitwise Crypto Industry Innovators ETF has a 1 year low of $16.20 and a 1 year high of $31.45.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

Several large investors have recently modified their holdings of BITQ. Fischer Investment Strategies LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at about $615,000. Dynamic Advisor Solutions LLC purchased a new position in Bitwise Crypto Industry Innovators ETF in the fourth quarter worth about $793,000. Sankala Group LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF in the fourth quarter worth approximately $60,000. RFG Advisory LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF in the first quarter worth approximately $358,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Bitwise Crypto Industry Innovators ETF by 495.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 91,058 shares of the company’s stock valued at $1,815,000 after buying an additional 75,767 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.