Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Sees Large Decline in Short Interest

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) was the target of a significant drop in short interest in 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 company’s stock are sold short. Based on an average trading volume of 61,619 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 61,619 shares, the short-interest ratio is presently 0.3 days. Approximately 1.4% of the company’s stock are sold short.

Institutional Trading of 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 holdings in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 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 Stock Down 13.5%

Shares of ICOI stock traded down $2.61 during trading hours on Friday, reaching $16.69. 144,314 shares of the stock were exchanged, compared to its average volume of 42,422. The business’s fifty day moving average is $23.92 and its two-hundred day moving average is $37.94. Bitwise COIN Option Income Strategy ETF has a 12-month low of $16.47 and a 12-month high of $65.75.

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.