Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI – Get Free Report) was the target of a significant 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 short-interest 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 short-interest ratio is currently 1.8 days.
Bitwise COIN Option Income Strategy ETF Price Performance
Shares of ICOI traded down $0.14 during trading hours on Friday, reaching $14.03. 92,020 shares of the company traded hands, compared to its average volume of 155,025. The business has a fifty day moving average price of $18.46 and a 200-day moving average price of $30.86. Bitwise COIN Option Income Strategy ETF has a 12-month low of $13.89 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 lifted its position in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI – Free Report) by 1,431.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 5.87% of Bitwise COIN Option Income Strategy ETF worth $3,137,000 as of its most recent SEC filing.
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.
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