Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.89 and traded as high as $20.40. Bitwise Crypto Industry Innovators ETF shares last traded at $19.10, with a volume of 320,434 shares trading hands.

Bitwise Crypto Industry Innovators ETF Price Performance

The stock has a market capitalization of $220.46 million, a P/E ratio of 33.57 and a beta of 2.21. The stock’s fifty day moving average is $15.73 and its two-hundred day moving average is $13.95.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

A number of hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new position in shares of Bitwise Crypto Industry Innovators ETF in the 2nd quarter valued at $162,000. AdvisorNet Financial Inc lifted its stake in Bitwise Crypto Industry Innovators ETF by 31.9% during the second quarter. AdvisorNet Financial Inc now owns 33,228 shares of the company’s stock valued at $448,000 after buying an additional 8,041 shares in the last quarter. Main Management ETF Advisors LLC boosted its holdings in shares of Bitwise Crypto Industry Innovators ETF by 0.8% in the second quarter. Main Management ETF Advisors LLC now owns 921,930 shares of the company’s stock worth $12,428,000 after buying an additional 7,110 shares during the period. Finally, ORG Partners LLC purchased a new position in shares of Bitwise Crypto Industry Innovators ETF in the second quarter worth approximately $32,000.

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.