Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) Short Interest Up 91.1% in March

Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 168,233 shares, a growth of 91.1% from the February 26th total of 88,049 shares. Based on an average daily trading volume, of 36,105 shares, the days-to-cover ratio is currently 4.7 days. Approximately 13.7% of the company’s shares are sold short.

Bitwise MSTR Option Income Strategy ETF Price Performance

Shares of NYSEARCA:IMST traded down $0.98 during trading on Friday, reaching $10.29. 20,829 shares of the company were exchanged, compared to its average volume of 50,339. The business’s fifty day simple moving average is $11.67 and its 200-day simple moving average is $19.22. Bitwise MSTR Option Income Strategy ETF has a 12-month low of $9.28 and a 12-month high of $63.56. The firm has a market capitalization of $12.66 million, a PE ratio of -5,274.22 and a beta of -5.04.

Hedge Funds Weigh In On Bitwise MSTR Option Income Strategy ETF

An institutional investor recently raised its position in Bitwise MSTR Option Income Strategy ETF stock. Jane Street Group LLC lifted its position in Bitwise MSTR Option Income Strategy ETF (NYSEARCA:IMST) by 76.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,210 shares of the company’s stock after acquiring an additional 8,777 shares during the quarter. Jane Street Group LLC owned 1.64% of Bitwise MSTR Option Income Strategy ETF worth $255,000 as of its most recent SEC filing.

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.