Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Trading Up 0.4% – Here’s What Happened

Shares of Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) were up 0.4% during trading on Friday . The stock traded as high as $28.68 and last traded at $28.61. Approximately 130,803 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 215,403 shares. The stock had previously closed at $28.51.

Bitwise Crypto Industry Innovators ETF Trading Up 0.4%

The firm’s fifty day moving average price is $23.72 and its 200 day moving average price is $22.20. The firm has a market capitalization of $523.56 million, a PE ratio of 27.61 and a beta of 3.09.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

Large investors have recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of Bitwise Crypto Industry Innovators ETF in the 3rd quarter valued at $28,000. Fifth Third Bancorp lifted its stake in shares of Bitwise Crypto Industry Innovators ETF by 88.3% in the 1st quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock valued at $37,000 after purchasing an additional 922 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Bitwise Crypto Industry Innovators ETF in the 4th quarter valued at $43,000. Sankala Group LLC acquired a new position in shares of Bitwise Crypto Industry Innovators ETF in the 4th quarter valued at $60,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Bitwise Crypto Industry Innovators ETF by 53.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,442 shares of the company’s stock valued at $69,000 after purchasing an additional 1,202 shares during the period.

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.