Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Short Interest Up 71.7% in June

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 116,862 shares, an increase of 71.7% from the May 31st total of 68,051 shares. Based on an average trading volume of 123,275 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the shares of the company are short sold.

Bitwise Crypto Industry Innovators ETF Stock Down 2.3%

NYSEARCA BITQ traded down $0.56 during trading hours on Thursday, hitting $23.84. 65,185 shares of the stock were exchanged, compared to its average volume of 197,998. The company has a market cap of $399.32 million, a price-to-earnings ratio of 27.61 and a beta of 3.13. Bitwise Crypto Industry Innovators ETF has a 12-month low of $16.65 and a 12-month high of $31.45. The stock has a 50-day moving average of $26.34 and a 200 day moving average of $22.84.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

A number of institutional investors have recently modified their holdings of the business. Fischer Investment Strategies LLC acquired a new position in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth $615,000. Rockefeller Capital Management L.P. boosted its position in shares of Bitwise Crypto Industry Innovators ETF by 495.5% during 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 in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Bitwise Crypto Industry Innovators ETF during the 4th quarter worth $793,000. Werba Rubin Papier Wealth Management grew its stake in shares of Bitwise Crypto Industry Innovators ETF by 18.1% during the 4th quarter. Werba Rubin Papier Wealth Management now owns 11,221 shares of the company’s stock worth $224,000 after purchasing an additional 1,720 shares during the period. Finally, Optima Capital LLC increased its holdings in shares of Bitwise Crypto Industry Innovators ETF by 78.4% in the 4th quarter. Optima Capital LLC now owns 41,992 shares of the company’s stock valued at $837,000 after purchasing an additional 18,460 shares in the last quarter.

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.