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 increase in short interest in February. As of February 13th, there was short interest totaling 116,007 shares, an increase of 39.7% from the January 29th total of 83,030 shares. Approximately 6.1% of the company’s stock are sold short. Based on an average trading volume of 84,076 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 84,076 shares, the days-to-cover ratio is currently 1.4 days. Approximately 6.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bitwise COIN Option Income Strategy ETF stock. Susquehanna International Group LLP boosted its stake in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter.

Bitwise COIN Option Income Strategy ETF Price Performance

NYSEARCA ICOI remained flat at $12.74 during trading on Tuesday. 49,415 shares of the company’s stock were exchanged, compared to its average volume of 107,373. Bitwise COIN Option Income Strategy ETF has a 1 year low of $10.97 and a 1 year high of $65.75. The stock has a fifty day simple moving average of $14.87 and a 200-day simple moving average of $24.97.

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.