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

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 28,815 shares, a drop of 44.8% from the December 15th total of 52,219 shares. Based on an average trading volume of 40,583 shares, the short-interest ratio is currently 0.7 days. Currently, 2.2% of the shares of the company are sold short. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 40,583 shares, the short-interest ratio is currently 0.7 days.

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

Bitwise MSTR Option Income Strategy ETF Price Performance

Shares of NYSEARCA:IMST remained flat at $14.35 during trading on Friday. The stock had a trading volume of 81,201 shares, compared to its average volume of 41,446. The stock has a 50 day simple moving average of $15.64 and a two-hundred day simple moving average of $31.28. The company has a market capitalization of $19.09 million, a PE ratio of -7,355.20 and a beta of -5.04. Bitwise MSTR Option Income Strategy ETF has a 52 week low of $12.59 and a 52 week high of $63.56.

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.