Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) Short Interest Update

Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 861 shares, a drop of 79.6% from the May 31st total of 4,227 shares. Based on an average daily trading volume, of 510 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.7% of the company’s shares are sold short.

Bitwise GME Option Income Strategy ETF Stock Up 1.7%

Shares of NYSEARCA IGME traded up $0.38 during mid-day trading on Friday, hitting $22.61. The stock had a trading volume of 1,085 shares, compared to its average volume of 1,727. The business has a 50 day moving average price of $23.53 and a two-hundred day moving average price of $24.96. Bitwise GME Option Income Strategy ETF has a 1 year low of $21.72 and a 1 year high of $43.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Bitwise GME Option Income Strategy ETF stock. Jane Street Group LLC purchased a new position in Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,242 shares of the company’s stock, valued at approximately $612,000. Jane Street Group LLC owned 28.48% of Bitwise GME Option Income Strategy ETF as of its most recent SEC filing.

Bitwise GME Option Income Strategy ETF Company Profile

Bitwise Funds Trust is a provider of cryptocurrency-focused exchange-traded funds (ETFs) and investment products. The Trust offers a range of actively managed and index-based ETFs that provide exposure to digital assets such as Bitcoin and Ethereum, as well as strategies combining cryptocurrencies with U.S. Treasury securities to manage risk. The funds are designed to offer investors diversified, liquid, and regulated access to the crypto asset class. Bitwise is recognized as one of the largest crypto index fund managers globally, with a focus on transparency and institutional-grade investment solutions.