Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Short Interest Update

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 61,540 shares, a drop of 53.1% from the April 15th total of 131,157 shares. Based on an average trading volume of 45,519 shares, the short-interest ratio is currently 1.4 days. Approximately 3.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bitwise COIN Option Income Strategy ETF stock. Susquehanna International Group LLP boosted its stake in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% in the 3rd 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 5.87% of Bitwise COIN Option Income Strategy ETF worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Bitwise COIN Option Income Strategy ETF Stock Down 4.7%

NYSEARCA ICOI traded down $0.60 on Friday, reaching $12.20. 42,068 shares of the company’s stock traded hands, compared to its average volume of 73,793. Bitwise COIN Option Income Strategy ETF has a 12 month low of $10.47 and a 12 month high of $65.75. The stock has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $16.39.

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.