Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI – Get Free Report) was the target of a significant increase in short interest in 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. Currently, 7.8% of the company’s stock are sold short. Based on an average daily volume of 77,861 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 77,861 shares, the short-interest ratio is currently 1.8 days. Currently, 7.8% of the company’s stock are sold short.
Bitwise COIN Option Income Strategy ETF Stock Down 1.0%
Shares of ICOI stock traded down $0.14 during trading hours on Friday, hitting $14.03. The company’s stock had a trading volume of 92,020 shares, compared to its average volume of 155,025. Bitwise COIN Option Income Strategy ETF has a 12-month low of $13.89 and a 12-month high of $65.75. The company has a 50 day moving average of $18.46 and a 200 day moving average of $31.06.
Hedge Funds 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 raised its position in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI – Free Report) by 1,431.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
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.
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