Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Price Up 15.8% – Here’s Why

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ)’s share price was up 15.8% during mid-day trading on Monday . The stock traded as high as $21.20 and last traded at $21.09. Approximately 462,465 shares changed hands during trading, an increase of 249% from the average daily volume of 132,441 shares. The stock had previously closed at $18.21.

Bitwise Crypto Industry Innovators ETF Stock Performance

The company has a market capitalization of $202.88 million, a price-to-earnings ratio of 33.57 and a beta of 2.21. The company has a 50-day moving average price of $14.29 and a 200-day moving average price of $13.36.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

Several institutional investors have recently modified their holdings of the stock. ORG Partners LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF during the 2nd quarter valued at about $32,000. Rothschild Investment LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF during the 2nd quarter valued at about $162,000. Janney Montgomery Scott LLC lifted its holdings in shares of Bitwise Crypto Industry Innovators ETF by 41.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,210 shares of the company’s stock valued at $305,000 after purchasing an additional 6,790 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Bitwise Crypto Industry Innovators ETF by 31.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 33,228 shares of the company’s stock valued at $448,000 after purchasing an additional 8,041 shares in the last quarter. Finally, Main Management ETF Advisors LLC lifted its holdings in shares of Bitwise Crypto Industry Innovators ETF by 0.8% during the 2nd quarter. Main Management ETF Advisors LLC now owns 921,930 shares of the company’s stock valued at $12,428,000 after purchasing an additional 7,110 shares in the last quarter.

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.