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

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 59,744 shares, a growth of 107.3% from the December 31st total of 28,815 shares. Currently, 4.5% of the company’s stock are sold short. Based on an average trading volume of 37,529 shares, the short-interest ratio is presently 1.6 days. Based on an average trading volume of 37,529 shares, the short-interest ratio is presently 1.6 days. Currently, 4.5% of the company’s stock are sold short.

Bitwise MSTR Option Income Strategy ETF Stock Up 4.3%

IMST stock opened at $12.26 on Friday. The company has a market cap of $15.08 million, a price-to-earnings ratio of -6,283.96 and a beta of -5.04. Bitwise MSTR Option Income Strategy ETF has a twelve month low of $11.42 and a twelve month high of $63.56. The business has a 50 day moving average price of $14.38 and a two-hundred day moving average price of $28.36.

Institutional Trading of 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 bought a new position in shares of Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

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.