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 recipient of a significant decline in short interest during the month of 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. Based on an average daily volume of 510 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Bitwise GME Option Income Strategy ETF Stock Performance

Bitwise GME Option Income Strategy ETF stock remained flat at $22.61 during midday trading on Monday. The company had a trading volume of 1,085 shares, compared to its average volume of 1,727. The business’s 50 day moving average price is $23.53 and its two-hundred day moving average price is $24.93. Bitwise GME Option Income Strategy ETF has a 52 week low of $21.72 and a 52 week high of $43.34.

About Bitwise GME Option Income Strategy ETF

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.