Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Short Interest Down 82.7% in December

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 21,453 shares, a drop of 82.7% from the November 30th total of 124,019 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 61,619 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 61,619 shares, the short-interest ratio is currently 0.3 days. Approximately 1.4% of the shares of the company are short sold.

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 disclosure with the Securities and Exchange Commission. The firm owned 90,970 shares of the company’s stock after acquiring 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

Shares of Bitwise COIN Option Income Strategy ETF stock traded down $0.13 during trading hours on Thursday, reaching $19.30. The company had a trading volume of 206,014 shares, compared to its average volume of 41,866. Bitwise COIN Option Income Strategy ETF has a one year low of $18.35 and a one year high of $65.75. The business has a fifty day simple moving average of $24.50 and a 200 day simple moving average of $38.33.

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.