Bitwise Crypto Industry Innovators ETF Sees Unusually High Options Volume (NYSEARCA:BITQ)

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) saw unusually large options trading on Friday. Investors purchased 6,618 call options on the company. This represents an increase of approximately 19,365% compared to the average volume of 34 call options.

Bitwise Crypto Industry Innovators ETF Stock Down 0.9%

Shares of NYSEARCA BITQ traded down $0.22 during trading hours on Friday, hitting $23.93. The company had a trading volume of 208,864 shares, compared to its average volume of 193,924. Bitwise Crypto Industry Innovators ETF has a 1-year low of $16.65 and a 1-year high of $31.45. The firm’s 50 day moving average is $26.34 and its 200-day moving average is $22.99. The stock has a market capitalization of $398.91 million, a P/E ratio of 27.61 and a beta of 3.13.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

A number of large investors have recently added to or reduced their stakes in BITQ. Morgan Stanley grew its position in shares of Bitwise Crypto Industry Innovators ETF by 17.9% in the 4th quarter. Morgan Stanley now owns 3,910,750 shares of the company’s stock valued at $77,941,000 after acquiring an additional 592,735 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of Bitwise Crypto Industry Innovators ETF by 495.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 91,058 shares of the company’s stock valued at $1,815,000 after purchasing an additional 75,767 shares during the period. Royal Bank of Canada lifted its stake in Bitwise Crypto Industry Innovators ETF by 15.0% in the 1st quarter. Royal Bank of Canada now owns 304,490 shares of the company’s stock valued at $5,743,000 after purchasing an additional 39,811 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Bitwise Crypto Industry Innovators ETF in the 4th quarter valued at about $793,000. Finally, Fischer Investment Strategies LLC bought a new position in Bitwise Crypto Industry Innovators ETF during the fourth quarter worth about $615,000.

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.