Short Interest in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Expands By 71.7%

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 116,862 shares, a growth of 71.7% from the May 31st total of 68,051 shares. Based on an average daily volume of 123,275 shares, the short-interest ratio is currently 0.9 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BITQ. Morgan Stanley grew its stake in shares of Bitwise Crypto Industry Innovators ETF by 17.9% in the 4th quarter. Morgan Stanley now owns 3,910,750 shares of the company’s stock valued at $77,941,000 after purchasing an additional 592,735 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Bitwise Crypto Industry Innovators ETF by 6.0% during the first quarter. Cetera Investment Advisers now owns 398,453 shares of the company’s stock worth $7,515,000 after purchasing an additional 22,557 shares during the period. Royal Bank of Canada grew its position in Bitwise Crypto Industry Innovators ETF by 15.0% in the 1st quarter. Royal Bank of Canada now owns 304,490 shares of the company’s stock valued at $5,743,000 after buying an additional 39,811 shares during the last quarter. Salus Financial Advisors LLC increased its stake in Bitwise Crypto Industry Innovators ETF by 5.6% in the 1st quarter. Salus Financial Advisors LLC now owns 144,004 shares of the company’s stock valued at $2,716,000 after buying an additional 7,583 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Bitwise Crypto Industry Innovators ETF by 3.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 135,610 shares of the company’s stock valued at $2,558,000 after buying an additional 4,724 shares during the period.

Bitwise Crypto Industry Innovators ETF Stock Performance

NYSEARCA BITQ traded down $0.56 during trading on Thursday, reaching $23.84. The company’s stock had a trading volume of 65,185 shares, compared to its average volume of 197,998. The business’s fifty day moving average price is $26.34 and its 200-day moving average price is $22.84. Bitwise Crypto Industry Innovators ETF has a twelve month low of $16.65 and a twelve month high of $31.45. The firm has a market cap of $399.32 million, a price-to-earnings ratio of 27.61 and a beta of 3.13.

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.