Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Price Down 2.7% – Time to Sell?

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ – Get Free Report) shares were down 2.7% on Monday. The company traded as low as $26.27 and last traded at $26.27. Approximately 36,695 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 165,590 shares. The stock had previously closed at $27.00.

Bitwise Crypto Industry Innovators ETF Stock Down 2.7%

The business’s 50-day simple moving average is $24.73 and its two-hundred day simple moving average is $24.40. The firm has a market cap of $456.57 million, a price-to-earnings ratio of 27.61 and a beta of 3.14.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of Bitwise Crypto Industry Innovators ETF by 20.1% in the second quarter. NewEdge Advisors LLC now owns 16,110 shares of the company’s stock valued at $395,000 after buying an additional 2,700 shares during the last quarter. Kintra Wealth LLC acquired a new position in Bitwise Crypto Industry Innovators ETF during the second quarter worth about $2,102,000. HB Wealth Management LLC acquired a new position in Bitwise Crypto Industry Innovators ETF during the second quarter worth about $208,000. Gainplan LLC grew its stake in Bitwise Crypto Industry Innovators ETF by 21.6% during the 2nd quarter. Gainplan LLC now owns 54,625 shares of the company’s stock valued at $1,338,000 after acquiring an additional 9,715 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the 2nd quarter valued at about $323,000.

Bitwise Crypto Industry Innovators ETF Company Profile

(Get Free Report)

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.

Further Reading

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