Investors Purchase Large Volume of Call Options on Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ)

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the target of unusually large options trading on Friday. Stock investors acquired 6,618 call options on the company. This represents an increase of 19,365% compared to the average daily volume of 34 call options.

Bitwise Crypto Industry Innovators ETF Stock Down 0.2%

NYSEARCA:BITQ traded down $0.06 on Friday, hitting $24.09. The stock had a trading volume of 194,024 shares, compared to its average volume of 193,809. Bitwise Crypto Industry Innovators ETF has a 52 week low of $16.65 and a 52 week high of $31.45. The business’s fifty day moving average is $26.32 and its 200 day moving average is $22.98. The company has a market cap of $401.58 million, a PE ratio of 27.61 and a beta of 3.13.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its position 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 in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Bitwise Crypto Industry Innovators ETF during the fourth quarter worth about $43,000. Sankala Group LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF in the fourth quarter worth approximately $60,000. PNC Financial Services Group Inc. raised its stake in 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 purchasing an additional 1,202 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Bitwise Crypto Industry Innovators ETF during the fourth quarter valued at approximately $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.