Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Short Interest Report for September

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 298,779 shares, an increase of 64.4% from the September 15th total of 181,766 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 96,055 shares, the short-interest ratio is currently 3.1 days.

Bitwise Crypto Industry Innovators ETF Trading Up 4.4%

BITQ opened at $22.95 on Friday. The stock has a market cap of $404.38 million, a price-to-earnings ratio of 27.61 and a beta of 3.14. Bitwise Crypto Industry Innovators ETF has a 1 year low of $16.65 and a 1 year high of $30.64. The stock has a fifty day moving average price of $24.99 and a 200 day moving average price of $24.75.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in Bitwise Crypto Industry Innovators ETF by 88.3% during the first quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock valued at $37,000 after purchasing an additional 922 shares in the last quarter. Sankala Group LLC bought a new stake in shares of Bitwise Crypto Industry Innovators ETF in the 4th quarter valued at approximately $60,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Bitwise Crypto Industry Innovators ETF in the 3rd quarter worth approximately $205,000. HB Wealth Management LLC acquired a new position in shares of Bitwise Crypto Industry Innovators ETF in the 2nd quarter worth approximately $208,000. Finally, Burney Co. acquired a new position in shares of Bitwise Crypto Industry Innovators ETF in the 1st quarter worth approximately $209,000.

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.