Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) 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 trading hands.

Bitwise Crypto Industry Innovators ETF Stock Up 8.4 %

The company has a 50-day moving average price of $15.73 and a 200-day moving average price of $13.95. The company has a market capitalization of $220.46 million, a price-to-earnings ratio of 33.57 and a beta of 2.21.

Institutional Trading of Bitwise Crypto Industry Innovators ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new position in shares of Bitwise Crypto Industry Innovators ETF during the second quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in Bitwise Crypto Industry Innovators ETF during the 2nd quarter valued at $162,000. AdvisorNet Financial Inc raised its stake in Bitwise Crypto Industry Innovators ETF by 31.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 33,228 shares of the company’s stock valued at $448,000 after purchasing an additional 8,041 shares during the last quarter. Finally, Main Management ETF Advisors LLC grew its position in Bitwise Crypto Industry Innovators ETF by 0.8% in the 2nd quarter. Main Management ETF Advisors LLC now owns 921,930 shares of the company’s stock worth $12,428,000 after purchasing an additional 7,110 shares during the last quarter.

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.