Short Interest in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) Declines By 60.5%

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 88,049 shares, a decline of 60.5% from the February 12th total of 222,902 shares. Based on an average daily trading volume, of 35,755 shares, the short-interest ratio is presently 2.5 days. Approximately 7.2% of the shares of the stock are short sold. Approximately 7.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,755 shares, the short-interest ratio is presently 2.5 days.

Bitwise MSTR Option Income Strategy ETF Trading Up 0.2%

NYSEARCA:IMST opened at $11.21 on Wednesday. The stock has a 50 day moving average of $12.21 and a two-hundred day moving average of $21.36. 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 cap of $13.79 million, a P/E ratio of -5,745.77 and a beta of -5.04.

Institutional Trading of Bitwise MSTR Option Income Strategy ETF

An institutional investor recently raised its position in Bitwise MSTR Option Income Strategy ETF stock. Jane Street Group LLC boosted its position in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) by 76.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,210 shares of the company’s stock after purchasing an additional 8,777 shares during the quarter. Jane Street Group LLC owned about 1.64% of Bitwise MSTR Option Income Strategy ETF worth $255,000 at the end of the most recent reporting period.

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.