Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) Sees Large Decrease in Short Interest

Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 164 shares, a drop of 81.0% from the June 15th total of 861 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 704 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Bitwise GME Option Income Strategy ETF

A hedge fund recently bought a new position in Bitwise GME Option Income Strategy ETF stock. Jane Street Group LLC purchased a new position in shares of Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,242 shares of the company’s stock, valued at approximately $612,000. Jane Street Group LLC owned about 28.48% of Bitwise GME Option Income Strategy ETF as of its most recent SEC filing.

Bitwise GME Option Income Strategy ETF Trading Up 1.5%

IGME traded up $0.33 during trading on Monday, hitting $23.02. 2,332 shares of the stock were exchanged, compared to its average volume of 1,671. The stock has a fifty day moving average price of $23.05 and a two-hundred day moving average price of $24.59. Bitwise GME Option Income Strategy ETF has a 1-year low of $21.72 and a 1-year high of $43.34.

Bitwise GME Option Income Strategy ETF Company Profile

Bitwise Funds Trust is a provider of cryptocurrency-focused exchange-traded funds (ETFs) and investment products. The Trust offers a range of actively managed and index-based ETFs that provide exposure to digital assets such as Bitcoin and Ethereum, as well as strategies combining cryptocurrencies with U.S. Treasury securities to manage risk. The funds are designed to offer investors diversified, liquid, and regulated access to the crypto asset class. Bitwise is recognized as one of the largest crypto index fund managers globally, with a focus on transparency and institutional-grade investment solutions.