Stock Traders Buy Large Volume of Bitwise Crypto Industry Innovators ETF Call Options (NYSEARCA:BITQ)

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of unusually large options trading activity on Friday. Traders acquired 6,618 call options on the stock. This represents an increase of 19,365% compared to the typical daily volume of 34 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley raised its position in Bitwise Crypto Industry Innovators ETF by 17.9% in the 4th 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 last quarter. Cetera Investment Advisers increased its stake in shares of Bitwise Crypto Industry Innovators ETF by 6.0% in the first quarter. Cetera Investment Advisers now owns 398,453 shares of the company’s stock valued at $7,515,000 after buying an additional 22,557 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Bitwise Crypto Industry Innovators ETF by 15.0% in the first quarter. Royal Bank of Canada now owns 304,490 shares of the company’s stock valued at $5,743,000 after buying an additional 39,811 shares in the last quarter. Salus Financial Advisors LLC raised its holdings in shares of Bitwise Crypto Industry Innovators ETF by 5.6% in the first quarter. Salus Financial Advisors LLC now owns 144,004 shares of the company’s stock valued at $2,716,000 after buying an additional 7,583 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Bitwise Crypto Industry Innovators ETF by 3.6% in the first quarter. Janney Montgomery Scott LLC now owns 135,610 shares of the company’s stock valued at $2,558,000 after buying an additional 4,724 shares during the last quarter.

Bitwise Crypto Industry Innovators ETF Stock Down 0.2%

Shares of BITQ traded down $0.06 during mid-day trading on Friday, hitting $24.09. 194,024 shares of the company’s stock were exchanged, compared to its average volume of 193,809. The stock has a market cap of $401.58 million, a price-to-earnings ratio of 27.61 and a beta of 3.13. The firm has a fifty day moving average of $26.32 and a two-hundred day moving average of $22.98. Bitwise Crypto Industry Innovators ETF has a twelve month low of $16.65 and a twelve 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.