Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Price Down 3.6%

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQGet Free Report) shares traded down 3.6% on Friday . The company traded as low as $13.45 and last traded at $13.78. 70,853 shares changed hands during trading, a decline of 57% from the average session volume of 165,437 shares. The stock had previously closed at $14.30.

Bitwise Crypto Industry Innovators ETF Price Performance

The stock’s 50 day simple moving average is $11.91 and its two-hundred day simple moving average is $11.28. The stock has a market cap of $146.76 million, a price-to-earnings ratio of 33.57 and a beta of 2.21.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

A number of institutional investors have recently bought and sold shares of BITQ. Advantage Trust Co acquired a new stake in shares of Bitwise Crypto Industry Innovators ETF in the 4th quarter valued at $52,000. Janney Montgomery Scott LLC boosted its stake in shares of 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 valued at $305,000 after purchasing an additional 6,790 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Bitwise Crypto Industry Innovators ETF in the 1st quarter valued at $84,000.

About Bitwise Crypto Industry Innovators ETF

(Get Free Report)

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.

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