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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 238,060 shares, a growth of 46.7% from the December 15th total of 162,273 shares. Based on an average daily volume of 131,920 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.3% of the shares of the stock are short sold. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 131,920 shares, the days-to-cover ratio is currently 1.8 days.

Bitwise Crypto Industry Innovators ETF Stock Performance

Shares of BITQ opened at $24.24 on Friday. Bitwise Crypto Industry Innovators ETF has a fifty-two week low of $10.50 and a fifty-two week high of $31.45. The company has a market capitalization of $431.47 million, a PE ratio of 27.61 and a beta of 3.17. The stock has a fifty day moving average of $22.09 and a two-hundred day moving average of $22.84.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC bought a new stake in Bitwise Crypto Industry Innovators ETF during the 3rd quarter valued at approximately $28,000. Advantage Trust Co acquired a new stake in Bitwise Crypto Industry Innovators ETF during the 2nd quarter worth $93,000. Farther Finance Advisors LLC lifted its holdings in Bitwise Crypto Industry Innovators ETF by 117.1% during the third quarter. Farther Finance Advisors LLC now owns 5,443 shares of the company’s stock worth $136,000 after acquiring an additional 2,936 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Bitwise Crypto Industry Innovators ETF by 19.5% during the third quarter. Sunbelt Securities Inc. now owns 8,197 shares of the company’s stock worth $205,000 after acquiring an additional 1,337 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Bitwise Crypto Industry Innovators ETF in the 2nd quarter valued at approximately $412,000.

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.