Bitwise MARA Option Income Strategy ETF (NYSEARCA:IMRA) Short Interest Down 82.0% in July

Bitwise MARA Option Income Strategy ETF (NYSEARCA:IMRA) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 3,865 shares, a drop of 82.0% from the June 30th total of 21,436 shares. Based on an average daily trading volume, of 2,327 shares, the days-to-cover ratio is currently 1.7 days. Approximately 3.0% of the company’s shares are sold short.

Insider Activity at Bitwise MARA Option Income Strategy ETF

In other Bitwise MARA Option Income Strategy ETF news, insider Helen Louise Collins sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $43.80, for a total value of $219,000.00. Following the transaction, the insider directly owned 25,000 shares in the company, valued at $1,095,000. This represents a 16.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lori Anne Kunkel sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $50.49, for a total transaction of $504,900.00. Following the transaction, the director directly owned 41,884 shares in the company, valued at approximately $2,114,723.16. This trade represents a 19.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,172,549 shares of company stock worth $53,017,056. Corporate insiders own 37.30% of the company’s stock.

Bitwise MARA Option Income Strategy ETF Price Performance

Shares of NYSEARCA:IMRA traded up $0.04 during trading hours on Friday, hitting $14.52. The company’s stock had a trading volume of 6,810 shares, compared to its average volume of 4,912. The firm’s fifty day moving average price is $16.60 and its 200 day moving average price is $15.51. Bitwise MARA Option Income Strategy ETF has a 52 week low of $11.99 and a 52 week high of $43.70. The company has a market capitalization of $1.89 million, a price-to-earnings ratio of 290.40 and a beta of 2.74.

Bitwise MARA Option Income Strategy ETF Company Profile

IMARA Inc, a clinical-stage biopharmaceutical company, develops and commercializes therapeutics for patients with rare genetic disorders of hemoglobin. Its lead product candidate is IMR-687, an oral and once-a-day therapeutic that is in Phase 2b clinical trials for the treatment of sickle cell disease and ß-thalassemia. The company also develops IMR-261, an oral and clinical-ready activator of nuclear factor erythroid 2–related factor 2 for the treatment of hemoglobinopathies, iron disorders, and potentially other areas.