Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) Short Interest Down 79.6% in June

Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 861 shares, a decline of 79.6% from the May 31st total of 4,227 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 510 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Bitwise GME Option Income Strategy ETF

An institutional investor recently raised its position in Bitwise GME Option Income Strategy ETF stock. OLD Mission Capital LLC boosted its stake in Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) by 96.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,956 shares of the company’s stock after purchasing an additional 15,220 shares during the quarter. OLD Mission Capital LLC owned about 34.40% of Bitwise GME Option Income Strategy ETF worth $722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Bitwise GME Option Income Strategy ETF Price Performance

Bitwise GME Option Income Strategy ETF stock traded up $0.38 during mid-day trading on Friday, hitting $22.61. The stock had a trading volume of 1,085 shares, compared to its average volume of 1,727. The stock has a 50-day simple moving average of $23.53 and a two-hundred day simple moving average of $24.96. Bitwise GME Option Income Strategy ETF has a 12 month low of $21.72 and a 12 month high of $43.34.

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.