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

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) saw a significant increase in short interest in 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. 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. 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.

Bitwise COIN Option Income Strategy ETF Stock Up 1.6%

Bitwise COIN Option Income Strategy ETF stock traded up $0.28 during mid-day trading on Tuesday, reaching $17.64. 50,008 shares of the company were exchanged, compared to its average volume of 66,161. The business has a fifty day moving average of $20.92 and a 200 day moving average of $34.71. Bitwise COIN Option Income Strategy ETF has a 12-month low of $16.00 and a 12-month high of $65.75.

Institutional Investors Weigh In On Bitwise COIN Option Income Strategy ETF

An institutional investor recently raised its position in Bitwise COIN Option Income Strategy ETF stock. Susquehanna International Group LLP grew its position in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% during the 3rd quarter, according to its most recent Form 13F filing 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 quarter. Susquehanna International Group LLP owned about 5.87% of Bitwise COIN Option Income Strategy ETF worth $3,137,000 at the end of the most recent reporting period.

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.