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

Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ)’s stock price fell 1.7% during mid-day trading on Wednesday . The company traded as low as $11.40 and last traded at $11.53. 40,509 shares traded hands 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 Stock Performance

The stock has a 50-day moving average of $11.76 and a 200-day moving average of $9.94. The firm has a market cap of $123.73 million, a price-to-earnings ratio of 33.57 and a beta of 2.09.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

An institutional investor recently bought a new position in Bitwise Crypto Industry Innovators ETF stock. Sunbelt Securities Inc. acquired a new position in Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,364 shares of the company’s stock, valued at approximately $84,000. Sunbelt Securities Inc. owned approximately 0.06% of Bitwise Crypto Industry Innovators ETF as of its most recent SEC filing.

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.