Short Interest in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Declines By 40.1%

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) saw a significant decrease in short interest in the month of 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. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 410,376 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 410,376 shares, the short-interest ratio is currently 0.6 days. Currently, 1.3% of the company’s stock are short sold.

Bitwise Crypto Industry Innovators ETF Trading Up 4.8%

Shares of NYSEARCA:BITQ traded up $0.89 on Friday, reaching $19.47. The company had a trading volume of 273,002 shares, compared to its average volume of 360,120. The firm has a market capitalization of $378.11 million, a PE ratio of 27.61 and a beta of 3.17. Bitwise Crypto Industry Innovators ETF has a 52-week low of $10.50 and a 52-week high of $31.45. The firm’s 50 day simple moving average is $21.59 and its 200-day simple moving average is $22.84.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

A number of institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings 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 acquiring an additional 592,735 shares in the last quarter. LRI Investments LLC boosted its stake in shares of Bitwise Crypto Industry Innovators ETF by 510.5% in the third quarter. LRI Investments LLC now owns 127,602 shares of the company’s stock worth $3,199,000 after buying an additional 106,702 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF in the 4th quarter worth approximately $793,000. Fischer Investment Strategies LLC purchased a new position in shares of Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at approximately $615,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at about $368,000.

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.