Short Interest in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Increases By 243.7%

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 73,724 shares, an increase of 243.7% from the December 15th total of 21,453 shares. Based on an average daily trading volume, of 115,557 shares, the days-to-cover ratio is presently 0.6 days. Approximately 4.3% of the company’s stock are short sold. Approximately 4.3% of the company’s stock are short sold. Based on an average daily trading volume, of 115,557 shares, the days-to-cover ratio is presently 0.6 days.

Bitwise COIN Option Income Strategy ETF Stock Performance

Shares of ICOI traded up $0.28 during mid-day trading on Tuesday, hitting $17.64. 50,008 shares of the company traded hands, compared to its average volume of 66,161. The business has a 50 day moving average of $20.92 and a 200 day moving average of $34.71. Bitwise COIN Option Income Strategy ETF has a 1-year low of $16.00 and a 1-year high of $65.75.

Institutional Investors 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% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,970 shares of the company’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.