Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Price Up 1.9%

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) shares were up 1.9% during trading on Thursday . The company traded as high as $12.30 and last traded at $11.94. Approximately 233,096 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 148,647 shares. The stock had previously closed at $11.72.

Bitwise Crypto Industry Innovators ETF Price Performance

The business has a 50-day simple moving average of $13.65 and a two-hundred day simple moving average of $12.23. The stock has a market cap of $131.85 million, a price-to-earnings ratio of 33.57 and a beta of 2.21.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. ORG Partners LLC acquired a new stake in shares of Bitwise Crypto Industry Innovators ETF during the second quarter worth $32,000. Advantage Trust Co bought a new stake in Bitwise Crypto Industry Innovators ETF in the 4th quarter valued at about $52,000. Sunbelt Securities Inc. bought a new stake in Bitwise Crypto Industry Innovators ETF in the 1st quarter valued at about $84,000. Rothschild Investment LLC acquired a new position in shares of Bitwise Crypto Industry Innovators ETF during the 2nd quarter worth approximately $162,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Bitwise Crypto Industry Innovators ETF by 41.4% during the first quarter. Janney Montgomery Scott LLC now owns 23,210 shares of the company’s stock worth $305,000 after purchasing an additional 6,790 shares during the period.

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.