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

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

Institutional Trading of 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 shares of Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 42,044 shares of the company’s stock, valued at approximately $2,186,000. Jane Street Group LLC owned 2.80% of Bitwise MSTR Option Income Strategy ETF as of its most recent SEC filing.

Bitwise MSTR Option Income Strategy ETF Stock Down 9.1%

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

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.