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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) shares were up 15.8% during trading on Monday . The stock traded as high as $21.20 and last traded at $21.09. Approximately 462,465 shares were traded during mid-day 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 cap of $224.61 million, a P/E ratio of 33.57 and a beta of 2.21. The business has a 50 day moving average price of $13.94 and a two-hundred day moving average price of $13.25.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

A number of large investors have recently bought and sold shares of BITQ. ORG Partners LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF in the second quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in Bitwise Crypto Industry Innovators ETF during the 2nd quarter valued at $162,000. Janney Montgomery Scott LLC grew its holdings in Bitwise Crypto Industry Innovators ETF by 41.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,210 shares of the company’s stock worth $305,000 after acquiring an additional 6,790 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Bitwise Crypto Industry Innovators ETF by 31.9% in the second quarter. AdvisorNet Financial Inc now owns 33,228 shares of the company’s stock valued at $448,000 after acquiring an additional 8,041 shares during the period. Finally, Main Management ETF Advisors LLC raised its stake in shares of Bitwise Crypto Industry Innovators ETF by 0.8% during the second quarter. Main Management ETF Advisors LLC now owns 921,930 shares of the company’s stock valued at $12,428,000 after acquiring an additional 7,110 shares during 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.