Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Trading Down 0.2% – Should You Sell?

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) shares dropped 0.2% during mid-day trading on Monday . The company traded as low as $17.27 and last traded at $17.96. Approximately 107,757 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 142,061 shares. The stock had previously closed at $18.00.

Bitwise Crypto Industry Innovators ETF Stock Down 0.2%

The business has a fifty day simple moving average of $15.96 and a 200-day simple moving average of $16.28. The firm has a market cap of $213.72 million, a P/E ratio of 17.82 and a beta of 3.11.

Hedge Funds Weigh In On Bitwise Crypto Industry Innovators ETF

A number of institutional investors have recently added to or reduced their stakes in BITQ. Rothschild Investment LLC raised its holdings in Bitwise Crypto Industry Innovators ETF by 10.6% in the fourth quarter. Rothschild Investment LLC now owns 18,250 shares of the company’s stock worth $308,000 after purchasing an additional 1,750 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Bitwise Crypto Industry Innovators ETF by 59.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,754 shares of the company’s stock worth $47,000 after purchasing an additional 1,024 shares in the last quarter. Clearstead Trust LLC raised its holdings in Bitwise Crypto Industry Innovators ETF by 100.0% in the fourth quarter. Clearstead Trust LLC now owns 2,312 shares of the company’s stock worth $39,000 after purchasing an additional 1,156 shares in the last quarter. OLD Mission Capital LLC bought a new position in Bitwise Crypto Industry Innovators ETF in the fourth quarter worth $175,000. Finally, AdvisorNet Financial Inc raised its holdings in Bitwise Crypto Industry Innovators ETF by 12.8% in the first quarter. AdvisorNet Financial Inc now owns 32,509 shares of the company’s stock worth $395,000 after purchasing an additional 3,695 shares in 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.