Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Short Interest Up 243.7% in December

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 73,724 shares, a growth of 243.7% from the December 15th total of 21,453 shares. Currently, 4.3% of the company’s shares are short sold. Based on an average daily volume of 115,557 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 115,557 shares, the short-interest ratio is currently 0.6 days. Currently, 4.3% of the company’s shares are short sold.

Bitwise COIN Option Income Strategy ETF Stock Performance

ICOI opened at $17.98 on Thursday. The stock’s fifty day moving average is $20.56 and its two-hundred day moving average is $34.33. Bitwise COIN Option Income Strategy ETF has a 52 week low of $16.00 and a 52 week high of $65.75.

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 increased its position in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 5.87% of Bitwise COIN Option Income Strategy ETF worth $3,137,000 as of its most recent SEC filing.

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.