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

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 52,219 shares, a decline of 39.7% from the November 30th total of 86,664 shares. Based on an average daily volume of 26,559 shares, the short-interest ratio is currently 2.0 days. Currently, 3.9% of the shares of the company are short sold. Currently, 3.9% of the shares of the company are short sold. Based on an average daily volume of 26,559 shares, the short-interest ratio is currently 2.0 days.

Hedge Funds Weigh In On Bitwise MSTR Option Income Strategy ETF

An institutional investor recently bought a new position 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) during the second quarter, according to its most recent filing with the SEC. The fund 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 SEC.

Bitwise MSTR Option Income Strategy ETF Price Performance

Shares of NYSEARCA:IMST traded down $1.30 during mid-day trading on Friday, reaching $13.04. 23,123 shares of the company traded hands, compared to its average volume of 57,995. The company’s 50 day moving average price is $19.42 and its 200-day moving average price is $35.10. The firm has a market cap of $17.60 million, a PE ratio of -6,683.75 and a beta of -5.04. Bitwise MSTR Option Income Strategy ETF has a 52 week low of $12.74 and a 52 week high of $63.56.

Bitwise MSTR Option Income Strategy ETF Company Profile

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.