Short Interest in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) Rises By 14.6%

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 186,980 shares, a growth of 14.6% from the March 31st total of 163,211 shares. Based on an average daily volume of 19,931 shares, the days-to-cover ratio is currently 9.4 days. Approximately 11.8% of the company’s shares are sold short.

Bitwise MSTR Option Income Strategy ETF Trading Up 3.6%

Shares of IMST stock opened at $11.49 on Friday. The business’s 50-day moving average price is $11.16 and its 200-day moving average price is $15.07. Bitwise MSTR Option Income Strategy ETF has a 12 month low of $9.28 and a 12 month high of $63.56. The firm has a market capitalization of $17.92 million, a price-to-earnings ratio of -5,889.29 and a beta of 2.52.

Hedge Funds 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 acquired a new position in shares of Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 at the end of the most recent reporting period.

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.