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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 193,160 shares, a growth of 79.5% from the July 30th total of 107,630 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 69,371 shares, the short-interest ratio is presently 2.8 days.

Bitwise Crypto Industry Innovators ETF Stock Performance

Shares of Bitwise Crypto Industry Innovators ETF stock opened at $24.50 on Tuesday. The firm has a market cap of $410.87 million, a P/E ratio of 27.61 and a beta of 3.14. The firm’s 50-day simple moving average is $23.88 and its 200-day simple moving average is $23.48. Bitwise Crypto Industry Innovators ETF has a twelve month low of $16.65 and a twelve month high of $31.45.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its holdings in shares of 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 worth $77,941,000 after buying an additional 592,735 shares in the last quarter. Kintra Wealth LLC bought a new stake in Bitwise Crypto Industry Innovators ETF in the second quarter valued at $2,102,000. Rockefeller Capital Management L.P. grew its position in Bitwise Crypto Industry Innovators ETF by 495.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 91,058 shares of the company’s stock valued at $1,815,000 after acquiring an additional 75,767 shares during the period. Royal Bank of Canada grew its position in 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 acquiring an additional 39,811 shares during the period. Finally, Cetera Investment Advisers raised its stake in Bitwise Crypto Industry Innovators ETF by 6.0% during the first quarter. Cetera Investment Advisers now owns 398,453 shares of the company’s stock worth $7,515,000 after acquiring an additional 22,557 shares in the last quarter.

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.