Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Short Interest Update

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 83,030 shares, a drop of 41.1% from the January 15th total of 140,925 shares. Based on an average daily volume of 232,301 shares, the short-interest ratio is currently 0.4 days. Approximately 4.4% of the company’s stock are sold short. Approximately 4.4% of the company’s stock are sold short. Based on an average daily volume of 232,301 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Bitwise COIN Option Income Strategy ETF

A hedge fund recently raised its stake in Bitwise COIN Option Income Strategy ETF stock. Susquehanna International Group LLP increased its position in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,970 shares of the company’s stock after purchasing an additional 85,030 shares during the period. Susquehanna International Group LLP owned approximately 5.87% of Bitwise COIN Option Income Strategy ETF worth $3,137,000 at the end of the most recent reporting period.

Bitwise COIN Option Income Strategy ETF Stock Performance

Shares of Bitwise COIN Option Income Strategy ETF stock traded up $1.07 during midday trading on Friday, hitting $12.41. The company had a trading volume of 46,791 shares, compared to its average volume of 131,353. Bitwise COIN Option Income Strategy ETF has a 52-week low of $10.97 and a 52-week high of $65.75. The company has a 50 day moving average of $16.67 and a 200 day moving average of $27.81.

Bitwise COIN Option Income Strategy ETF Company Profile

The Bitwise COIN Option Income Strategy ETF seeks to generate monthly income by investing in options tied to Coinbase (COIN) stock, utilizing a covered call strategy to capitalize on market volatility.