Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Price Down 1.7%

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ)’s share price fell 1.7% during trading on Wednesday . The stock traded as low as $11.40 and last traded at $11.53. 40,509 shares were traded during trading, a decline of 81% from the average session volume of 215,267 shares. The stock had previously closed at $11.72.

Bitwise Crypto Industry Innovators ETF Trading Up 2.2 %

The company’s 50-day moving average is $11.76 and its two-hundred day moving average is $9.94. The stock has a market capitalization of $123.73 million, a P/E ratio of 33.57 and a beta of 2.09.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bitwise Crypto Industry Innovators ETF stock. Advantage Trust Co acquired a new stake in shares of Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,500 shares of the company’s stock, valued at approximately $52,000.

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.