Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Sees Large Growth in Short Interest

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the target of a significant growth in short interest in 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 short-interest ratio is presently 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 short-interest ratio is presently 1.8 days.

Institutional Inflows and Outflows

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

Bitwise Crypto Industry Innovators ETF Stock Performance

Shares of Bitwise Crypto Industry Innovators ETF stock opened at $24.24 on Monday. The business’s 50 day moving average price is $22.09 and its 200 day moving average price is $22.88. The company has a market cap of $431.47 million, a price-to-earnings ratio of 27.61 and a beta of 3.17. Bitwise Crypto Industry Innovators ETF has a one year low of $10.50 and a one year high of $31.45.

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.