Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.89 and traded as high as $20.40. Bitwise Crypto Industry Innovators ETF shares last traded at $19.10, with a volume of 320,434 shares traded.

Bitwise Crypto Industry Innovators ETF Stock Performance

The firm has a market capitalization of $203.42 million, a price-to-earnings ratio of 33.57 and a beta of 2.21. The firm’s 50-day moving average price is $15.59 and its two-hundred day moving average price is $13.89.

Institutional Investors Weigh In On Bitwise Crypto Industry Innovators ETF

Institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new stake in shares of Bitwise Crypto Industry Innovators ETF in the 2nd quarter worth about $32,000. Main Management ETF Advisors LLC grew its stake in 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 worth $12,428,000 after buying an additional 7,110 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Bitwise Crypto Industry Innovators ETF by 31.9% during the second quarter. AdvisorNet Financial Inc now owns 33,228 shares of the company’s stock worth $448,000 after buying an additional 8,041 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Bitwise Crypto Industry Innovators ETF in the second quarter valued at approximately $162,000.

Bitwise Crypto Industry Innovators ETF Company Profile

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.