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

Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) was the target of a large drop in short interest in 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 short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

Bitwise GME Option Income Strategy ETF Stock Down 1.0%

Shares of Bitwise GME Option Income Strategy ETF stock traded down $0.22 on Friday, reaching $22.69. The stock had a trading volume of 129 shares, compared to its average volume of 1,666. The company has a 50 day moving average price of $23.05 and a 200 day moving average price of $24.61. Bitwise GME Option Income Strategy ETF has a 1 year low of $21.72 and a 1 year high of $43.34.

Hedge Funds Weigh In On Bitwise GME Option Income Strategy ETF

An institutional investor recently raised its stake in Bitwise GME Option Income Strategy ETF stock. OLD Mission Capital LLC grew its holdings in shares of Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) by 96.7% in the 4th quarter, according to the company in its most recent 13F 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 quarter.

Bitwise GME Option Income Strategy ETF Company Profile

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.