Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) Sees Significant Drop in Short Interest

Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 164 shares, a decrease of 81.0% from the June 15th total of 861 shares. Based on an average daily trading volume, of 704 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

Bitwise GME Option Income Strategy ETF Stock Performance

Shares of Bitwise GME Option Income Strategy ETF stock traded up $0.33 during trading on Monday, hitting $23.02. The stock had a trading volume of 2,332 shares, compared to its average volume of 1,671. Bitwise GME Option Income Strategy ETF has a 1 year low of $21.72 and a 1 year high of $43.34. The stock has a 50 day simple moving average of $23.05 and a 200 day simple moving average of $24.59.

Hedge Funds Weigh In On Bitwise GME Option Income Strategy ETF

A hedge fund recently bought a new position in Bitwise GME Option Income Strategy ETF stock. Jane Street Group LLC bought a new stake in shares of Bitwise GME Option Income Strategy ETF (NYSEARCA:IGME) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,242 shares of the company’s stock, valued at approximately $612,000. Jane Street Group LLC owned 28.48% of Bitwise GME Option Income Strategy ETF as of its most recent SEC filing.

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.