Short Interest in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Decreases By 41.1%

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 83,030 shares, a decline of 41.1% from the January 15th total of 140,925 shares. Based on an average daily volume of 232,301 shares, the short-interest ratio is presently 0.4 days. Currently, 4.4% of the shares of the company are sold short. Currently, 4.4% of the shares of the company are sold short. Based on an average daily volume of 232,301 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bitwise COIN Option Income Strategy ETF stock. Susquehanna International Group LLP boosted its holdings in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% during the third quarter, according to the company in its most recent 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 period. 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.

Bitwise COIN Option Income Strategy ETF Price Performance

NYSEARCA ICOI traded up $1.07 during trading on Friday, reaching $12.41. The company’s stock had a trading volume of 46,791 shares, compared to its average volume of 131,353. The firm has a fifty day moving average of $16.67 and a 200 day moving average of $27.52. Bitwise COIN Option Income Strategy ETF has a one year low of $10.97 and a one year high of $65.75.

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.