Short Interest in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Expands By 91.2%

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 140,925 shares, an increase of 91.2% from the December 31st total of 73,724 shares. Based on an average daily trading volume, of 77,861 shares, the days-to-cover ratio is currently 1.8 days. Currently, 7.8% of the shares of the company are sold short. Currently, 7.8% of the shares of the company are sold short. Based on an average daily trading volume, of 77,861 shares, the days-to-cover ratio is currently 1.8 days.

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 boosted its position in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,970 shares of the company’s stock after purchasing an additional 85,030 shares during the period. Susquehanna International Group LLP owned 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 Price Performance

Shares of NYSEARCA:ICOI traded down $0.14 during trading on Friday, reaching $14.03. 92,020 shares of the company’s stock traded hands, compared to its average volume of 155,025. Bitwise COIN Option Income Strategy ETF has a 12 month low of $13.89 and a 12 month high of $65.75. The company has a 50 day moving average of $18.46 and a 200-day moving average of $30.86.

About Bitwise COIN Option Income Strategy ETF

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.