Short Interest in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Drops By 22.6%

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 162,273 shares, a drop of 22.6% from the November 30th total of 209,748 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 175,463 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 175,463 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

Several large investors have recently made changes to their positions in the stock. LRI Investments LLC lifted its stake in Bitwise Crypto Industry Innovators ETF by 510.5% in the third quarter. LRI Investments LLC now owns 127,602 shares of the company’s stock valued at $3,199,000 after acquiring an additional 106,702 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Bitwise Crypto Industry Innovators ETF by 8.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 111,870 shares of the company’s stock valued at $2,206,000 after purchasing an additional 8,991 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Bitwise Crypto Industry Innovators ETF by 6.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 109,665 shares of the company’s stock valued at $2,163,000 after purchasing an additional 6,356 shares during the last quarter. Advantage Trust Co bought a new position in Bitwise Crypto Industry Innovators ETF during the second quarter worth about $93,000. Finally, Farther Finance Advisors LLC increased its position 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 buying an additional 2,936 shares during the last quarter.

Bitwise Crypto Industry Innovators ETF Stock Down 1.9%

Shares of BITQ stock traded down $0.39 during trading on Tuesday, reaching $20.20. The company’s stock had a trading volume of 86,028 shares, compared to its average volume of 191,706. Bitwise Crypto Industry Innovators ETF has a one year low of $10.50 and a one year high of $31.45. The business has a fifty day moving average price of $23.65 and a 200-day moving average price of $22.52. The company has a market cap of $358.15 million, a price-to-earnings ratio of 27.61 and a beta of 3.17.

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.