Stock Traders Buy High 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 on Friday. Investors bought 6,618 call options on the company. This represents an increase of 19,365% compared to the typical volume of 34 call options.

Bitwise Crypto Industry Innovators ETF Trading Down 0.2%

Shares of NYSEARCA:BITQ traded down $0.06 during midday trading on Friday, hitting $24.09. The company had a trading volume of 194,024 shares, compared to its average volume of 193,809. Bitwise Crypto Industry Innovators ETF has a 12 month low of $16.65 and a 12 month high of $31.45. The firm has a fifty day simple moving average of $26.32 and a 200 day simple moving average of $22.98. The stock has a market cap of $401.58 million, a price-to-earnings ratio of 27.61 and a beta of 3.13.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in Bitwise Crypto Industry Innovators ETF by 88.3% during the first quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock worth $37,000 after buying an additional 922 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF in the 4th quarter valued at about $43,000. Sankala Group LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF in the 4th quarter valued at about $60,000. PNC Financial Services Group Inc. increased its stake in shares of Bitwise Crypto Industry Innovators ETF by 53.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,442 shares of the company’s stock worth $69,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Bitwise Crypto Industry Innovators ETF during the 4th quarter worth about $70,000.

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.