Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Short Interest Down 37.5% in June

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 72,993 shares, a decrease of 37.5% from the June 15th total of 116,862 shares. Based on an average daily trading volume, of 127,122 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in shares of Bitwise Crypto Industry Innovators ETF by 88.3% during the 1st quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock worth $37,000 after buying an additional 922 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Bitwise Crypto Industry Innovators ETF during the fourth quarter valued at approximately $43,000. Sankala Group LLC bought a new stake in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth $60,000. PNC Financial Services Group Inc. boosted its position in Bitwise Crypto Industry Innovators ETF by 53.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,442 shares of the company’s stock worth $69,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Bitwise Crypto Industry Innovators ETF in the fourth quarter worth $70,000.

Bitwise Crypto Industry Innovators ETF Price Performance

Shares of NYSEARCA BITQ opened at $22.12 on Friday. The company has a 50-day moving average price of $26.00 and a 200-day moving average price of $23.05. The stock has a market capitalization of $366.09 million, a P/E ratio of 27.61 and a beta of 3.13. Bitwise Crypto Industry Innovators ETF has a 1 year low of $16.65 and a 1 year high of $31.45.

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.