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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 257,953 shares, a decrease of 40.1% from the January 15th total of 430,721 shares. Based on an average trading volume of 410,376 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.3% of the shares of the stock are short sold. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 410,376 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

A number of hedge funds have recently made changes to their positions in the business. Morgan Stanley raised its stake in shares of Bitwise Crypto Industry Innovators ETF by 17.9% during the fourth quarter. Morgan Stanley now owns 3,910,750 shares of the company’s stock valued at $77,941,000 after purchasing an additional 592,735 shares during the period. Salus Financial Advisors LLC lifted its holdings in Bitwise Crypto Industry Innovators ETF by 1.3% in the fourth quarter. Salus Financial Advisors LLC now owns 136,421 shares of the company’s stock worth $2,719,000 after acquiring an additional 1,704 shares during the last quarter. LRI Investments LLC grew its stake in Bitwise Crypto Industry Innovators ETF by 4.0% during the 4th quarter. LRI Investments LLC now owns 132,727 shares of the company’s stock worth $2,645,000 after buying an additional 5,125 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Bitwise Crypto Industry Innovators ETF by 10.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 130,886 shares of the company’s stock valued at $2,609,000 after purchasing an additional 12,561 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Bitwise Crypto Industry Innovators ETF by 8.7% during the second quarter. JPMorgan Chase & Co. now owns 111,870 shares of the company’s stock worth $2,206,000 after buying an additional 8,991 shares during the period.

Bitwise Crypto Industry Innovators ETF Stock Performance

Bitwise Crypto Industry Innovators ETF stock traded up $0.89 during midday trading on Friday, reaching $19.47. 272,988 shares of the company were exchanged, compared to its average volume of 360,120. The firm’s 50-day simple moving average is $21.66 and its 200-day simple moving average is $22.85. Bitwise Crypto Industry Innovators ETF has a 1 year low of $10.50 and a 1 year high of $31.45. The company has a market capitalization of $378.11 million, a price-to-earnings ratio of 27.61 and a beta of 3.17.

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.