Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Short Interest Down 37.5% in June

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 72,993 shares, a drop of 37.5% from the June 15th total of 116,862 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 127,122 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in Bitwise Crypto Industry Innovators ETF by 88.3% during 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 last quarter. Sound Income Strategies LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth $43,000. Sankala Group LLC acquired a new stake in shares of Bitwise Crypto Industry Innovators ETF during the 4th quarter valued at about $60,000. PNC Financial Services Group Inc. increased its position in shares of Bitwise Crypto Industry Innovators ETF by 53.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,442 shares of the company’s stock valued at $69,000 after buying an additional 1,202 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth $70,000.

Bitwise Crypto Industry Innovators ETF Stock Performance

Bitwise Crypto Industry Innovators ETF stock opened at $22.60 on Friday. 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 50-day moving average price of $26.10 and a 200-day moving average price of $23.06. The firm has a market capitalization of $376.74 million, a PE ratio of 27.61 and a beta of 3.13.

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.