Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) Short Interest Update

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 59,744 shares, an increase of 107.3% from the December 31st total of 28,815 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average daily volume of 37,529 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 37,529 shares, the days-to-cover ratio is presently 1.6 days. Currently, 4.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Bitwise MSTR Option Income Strategy ETF

A hedge fund recently bought a new stake in Bitwise MSTR Option Income Strategy ETF stock. Jane Street Group LLC purchased a new stake in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 42,044 shares of the company’s stock, valued at approximately $2,186,000. Jane Street Group LLC owned about 2.80% of Bitwise MSTR Option Income Strategy ETF as of its most recent filing with the Securities & Exchange Commission.

Bitwise MSTR Option Income Strategy ETF Trading Up 1.5%

NYSEARCA:IMST traded up $0.18 during trading hours on Friday, reaching $11.93. The company had a trading volume of 16,719 shares, compared to its average volume of 48,958. The firm has a market cap of $14.67 million, a price-to-earnings ratio of -6,114.81 and a beta of -5.04. The firm’s 50 day moving average price is $14.46 and its 200-day moving average price is $28.85. Bitwise MSTR Option Income Strategy ETF has a 52 week low of $11.42 and a 52 week high of $63.56.

About Bitwise MSTR Option Income Strategy ETF

The Bitwise MSTR Option Income Strategy ETF is an actively managed exchange-traded fund that seeks to provide current income. The fund invests at least 80% of its net assets in MicroStrategy Incorporated (MSTR) common stock and employs an option income strategy by writing (selling) call options on MSTR to generate additional income.