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

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

Institutional Investors Weigh In On Bitwise MSTR Option Income Strategy ETF

An institutional investor recently bought a new position in Bitwise MSTR Option Income Strategy ETF stock. Jane Street Group LLC acquired a new stake in shares of Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities & Exchange Commission.

Bitwise MSTR Option Income Strategy ETF Stock Up 4.3%

Shares of IMST traded up $0.51 during trading hours on Friday, reaching $12.26. 27,961 shares of the company traded hands, compared to its average volume of 49,883. The stock has a market capitalization of $15.08 million, a PE ratio of -6,283.96 and a beta of -5.04. Bitwise MSTR Option Income Strategy ETF has a fifty-two week low of $11.42 and a fifty-two week high of $63.56. The stock has a fifty day simple moving average of $14.38 and a 200 day simple moving average of $28.36.

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.