Short Interest in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) Decreases By 44.8%

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 28,815 shares, a decrease of 44.8% from the December 15th total of 52,219 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 40,583 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 40,583 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.2% of the company’s stock are short sold.

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 acquired a new stake in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 42,044 shares of the company’s stock, valued at approximately $2,186,000. Jane Street Group LLC owned approximately 2.80% of Bitwise MSTR Option Income Strategy ETF at the end of the most recent quarter.

Bitwise MSTR Option Income Strategy ETF Price Performance

Bitwise MSTR Option Income Strategy ETF stock remained flat at $14.35 during midday trading on Friday. The company had a trading volume of 81,201 shares, compared to its average volume of 41,446. Bitwise MSTR Option Income Strategy ETF has a twelve month low of $12.59 and a twelve month high of $63.56. The company has a market cap of $19.09 million, a P/E ratio of -7,355.20 and a beta of -5.04. The business has a 50 day moving average price of $15.64 and a two-hundred day moving average price of $31.15.

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.