Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) Short Interest Down 19.1% in February

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 222,902 shares, a drop of 19.1% from the January 29th total of 275,443 shares. Currently, 18.1% of the company’s stock are short sold. Based on an average trading volume of 30,868 shares, the days-to-cover ratio is presently 7.2 days. Based on an average trading volume of 30,868 shares, the days-to-cover ratio is presently 7.2 days. Currently, 18.1% of the company’s stock are short sold.

Hedge Funds 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 purchased a new position in shares of Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 at the end of the most recent reporting period.

Bitwise MSTR Option Income Strategy ETF Stock Up 3.4%

NYSEARCA IMST traded up $0.38 on Thursday, hitting $11.59. 594 shares of the stock were exchanged, compared to its average volume of 42,621. Bitwise MSTR Option Income Strategy ETF has a fifty-two week low of $9.28 and a fifty-two week high of $63.56. The company has a market cap of $14.26 million, a PE ratio of -5,940.54 and a beta of -5.04. The company has a 50-day moving average price of $12.38 and a 200-day moving average price of $22.35.

About Bitwise MSTR Option Income Strategy ETF

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.