Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) Short Interest Down 39.7% in December

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 52,219 shares, a decrease of 39.7% from the November 30th total of 86,664 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average trading volume of 26,559 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 26,559 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.9% of the shares of the stock are sold short.

Bitwise MSTR Option Income Strategy ETF Stock Down 1.4%

Shares of IMST traded down $0.18 during trading hours on Monday, hitting $12.86. 97,977 shares of the company were exchanged, compared to its average volume of 58,211. Bitwise MSTR Option Income Strategy ETF has a fifty-two week low of $12.74 and a fifty-two week high of $63.56. The company has a market cap of $17.36 million, a price-to-earnings ratio of -6,591.49 and a beta of -5.04. The firm’s fifty day moving average is $19.07 and its 200 day moving average is $34.72.

Hedge Funds Weigh In On 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 purchased a new position in shares of Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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.