Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Short Interest Down 57.9% in May

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 82,309 shares, a drop of 57.9% from the April 30th total of 195,390 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 198,919 shares, the short-interest ratio is presently 0.4 days.

Bitwise Crypto Industry Innovators ETF Stock Up 0.4%

NYSEARCA:BITQ traded up $0.10 during trading hours on Friday, reaching $28.61. 130,803 shares of the company’s stock were exchanged, compared to its average volume of 215,403. The company has a market capitalization of $523.56 million, a P/E ratio of 27.61 and a beta of 3.09. Bitwise Crypto Industry Innovators ETF has a 12 month low of $15.84 and a 12 month high of $31.45. The business’s 50-day simple moving average is $23.72 and its two-hundred day simple moving average is $22.20.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

A number of large investors have recently added to or reduced their stakes in BITQ. Advisors Preferred LLC bought a new stake in Bitwise Crypto Industry Innovators ETF during the third quarter worth approximately $28,000. Fifth Third Bancorp boosted its stake in Bitwise Crypto Industry Innovators ETF by 88.3% in the 1st quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock worth $37,000 after purchasing an additional 922 shares during the period. Sound Income Strategies LLC acquired a new position in Bitwise Crypto Industry Innovators ETF in the 4th quarter worth approximately $43,000. Sankala Group LLC acquired a new position in Bitwise Crypto Industry Innovators ETF in the 4th quarter worth approximately $60,000. Finally, PNC Financial Services Group Inc. boosted its stake in Bitwise Crypto Industry Innovators ETF by 53.7% in 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 period.

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.