Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Short Interest Up 80.9% in January

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 430,721 shares, a growth of 80.9% from the December 31st total of 238,060 shares. Based on an average trading volume of 147,162 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.2% of the company’s stock are sold short. Currently, 2.2% of the company’s stock are sold short. Based on an average trading volume of 147,162 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

Institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the third quarter worth approximately $28,000. Sunbelt Securities Inc. grew its position in 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 purchasing an additional 1,337 shares during the last quarter. Farther Finance Advisors LLC increased its position in Bitwise Crypto Industry Innovators ETF by 31.1% in the 4th quarter. Farther Finance Advisors LLC now owns 7,138 shares of the company’s stock valued at $142,000 after acquiring an additional 1,695 shares during the period. Salus Financial Advisors LLC raised its stake in shares of Bitwise Crypto Industry Innovators ETF by 1.3% during the fourth quarter. Salus Financial Advisors LLC now owns 136,421 shares of the company’s stock worth $2,719,000 after purchasing an additional 1,704 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management lifted its stake in shares of Bitwise Crypto Industry Innovators ETF by 18.1% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 11,221 shares of the company’s stock worth $224,000 after acquiring an additional 1,720 shares during the period.

Bitwise Crypto Industry Innovators ETF Trading Down 5.1%

NYSEARCA:BITQ traded down $1.13 during midday trading on Friday, reaching $21.18. The company had a trading volume of 195,456 shares, compared to its average volume of 278,723. The firm has a market capitalization of $411.32 million, a price-to-earnings ratio of 27.61 and a beta of 3.17. The stock’s fifty day simple moving average is $22.22 and its 200-day simple moving average is $23.00. Bitwise Crypto Industry Innovators ETF has a 12-month low of $10.50 and a 12-month 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.