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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the target of a large 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. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 127,122 shares, the days-to-cover ratio is presently 0.6 days.

Bitwise Crypto Industry Innovators ETF Stock Performance

Shares of Bitwise Crypto Industry Innovators ETF stock opened at $22.60 on Friday. The stock’s 50-day simple moving average is $26.10 and its 200 day simple moving average is $23.06. The stock has a market capitalization of $376.74 million, a P/E ratio of 27.61 and a beta of 3.13. Bitwise Crypto Industry Innovators ETF has a 52-week low of $16.65 and a 52-week high of $31.45.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

A number of hedge funds have recently modified their holdings of the company. Morgan Stanley raised its position in shares of Bitwise Crypto Industry Innovators ETF by 17.9% in the 4th quarter. Morgan Stanley now owns 3,910,750 shares of the company’s stock worth $77,941,000 after acquiring an additional 592,735 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Bitwise Crypto Industry Innovators ETF by 495.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 91,058 shares of the company’s stock worth $1,815,000 after purchasing an additional 75,767 shares during the period. Royal Bank of Canada lifted its holdings in Bitwise Crypto Industry Innovators ETF by 15.0% in the first quarter. Royal Bank of Canada now owns 304,490 shares of the company’s stock valued at $5,743,000 after acquiring an additional 39,811 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in shares of Bitwise Crypto Industry Innovators ETF in the fourth quarter worth approximately $793,000. Finally, Fischer Investment Strategies LLC purchased a new position in shares of Bitwise Crypto Industry Innovators ETF during the 4th quarter worth $615,000.

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.