Short Interest in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) Grows By 107.3%

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) was the recipient of a large increase in short interest in the month of 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. Approximately 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 37,529 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 37,529 shares, the days-to-cover ratio is presently 1.6 days. Approximately 4.5% of the company’s shares are sold short.

Institutional Trading of 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 bought a new stake in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 Trading Up 1.5%

IMST stock traded up $0.18 during midday trading on Friday, hitting $11.93. 16,719 shares of the company’s stock were exchanged, compared to its average volume of 48,958. Bitwise MSTR Option Income Strategy ETF has a 1-year low of $11.42 and a 1-year high of $63.56. The stock has a market capitalization of $14.67 million, a PE ratio of -6,114.81 and a beta of -5.04. The business has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $28.85.

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.