Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Short Interest Update

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 193,160 shares, a growth of 79.5% from the July 30th total of 107,630 shares. Based on an average daily volume of 69,371 shares, the short-interest ratio is currently 2.8 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BITQ. Money Concepts Capital Corp grew its holdings in Bitwise Crypto Industry Innovators ETF by 2.5% during the 4th quarter. Money Concepts Capital Corp now owns 26,347 shares of the company’s stock worth $525,000 after acquiring an additional 639 shares during the last quarter. Prospera Financial Services Inc increased its position in Bitwise Crypto Industry Innovators ETF by 6.8% in the 4th quarter. Prospera Financial Services Inc now owns 10,555 shares of the company’s stock valued at $210,000 after acquiring an additional 675 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Bitwise Crypto Industry Innovators ETF by 88.3% in the first quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock worth $37,000 after acquiring an additional 922 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of Bitwise Crypto Industry Innovators ETF by 4.9% in the fourth quarter. Essex Financial Services Inc. now owns 23,763 shares of the company’s stock worth $474,000 after acquiring an additional 1,109 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Bitwise Crypto Industry Innovators ETF by 53.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,442 shares of the company’s stock worth $69,000 after acquiring an additional 1,202 shares during the last quarter.

Bitwise Crypto Industry Innovators ETF Stock Performance

Bitwise Crypto Industry Innovators ETF stock traded up $0.61 during trading hours on Monday, hitting $25.28. 55,485 shares of the stock were exchanged, compared to its average volume of 172,817. The stock has a market capitalization of $423.95 million, a P/E ratio of 27.61 and a beta of 3.14. Bitwise Crypto Industry Innovators ETF has a 12 month low of $16.65 and a 12 month high of $31.45. The business’s 50-day moving average is $23.93 and its two-hundred day moving average is $23.44.

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.