Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) Sees Large Decline in Short Interest

Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 164 shares, a drop of 81.0% from the June 15th total of 861 shares. Based on an average daily trading volume, of 704 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of Bitwise GME Option Income Strategy ETF

A hedge fund recently raised its position in Bitwise GME Option Income Strategy ETF stock. OLD Mission Capital LLC boosted its stake in shares of Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) by 96.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,956 shares of the company’s stock after purchasing an additional 15,220 shares during the period. OLD Mission Capital LLC owned approximately 34.40% of Bitwise GME Option Income Strategy ETF worth $722,000 at the end of the most recent reporting period.

Bitwise GME Option Income Strategy ETF Price Performance

NYSEARCA IGME traded down $0.22 during trading on Friday, hitting $22.69. The company’s stock had a trading volume of 129 shares, compared to its average volume of 1,666. Bitwise GME Option Income Strategy ETF has a fifty-two week low of $21.72 and a fifty-two week high of $43.34. The business’s 50 day simple moving average is $23.05 and its 200-day simple moving average is $24.61.

About Bitwise GME Option Income Strategy ETF

Bitwise Funds Trust is a provider of cryptocurrency-focused exchange-traded funds (ETFs) and investment products. The Trust offers a range of actively managed and index-based ETFs that provide exposure to digital assets such as Bitcoin and Ethereum, as well as strategies combining cryptocurrencies with U.S. Treasury securities to manage risk. The funds are designed to offer investors diversified, liquid, and regulated access to the crypto asset class. Bitwise is recognized as one of the largest crypto index fund managers globally, with a focus on transparency and institutional-grade investment solutions.