Short Interest in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Drops By 53.1%

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

Bitwise COIN Option Income Strategy ETF Trading Down 4.7%

Shares of Bitwise COIN Option Income Strategy ETF stock traded down $0.60 during trading on Friday, hitting $12.20. The stock had a trading volume of 42,068 shares, 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 business’s 50-day moving average is $12.03 and its 200 day moving average is $16.26.

Institutional Investors Weigh In On Bitwise COIN Option Income Strategy ETF

An institutional investor recently raised its position in Bitwise COIN Option Income Strategy ETF stock. Susquehanna International Group LLP grew 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 Form 13F filing with the Securities & Exchange Commission. The fund 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 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.