Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Sees Significant Growth in Short Interest

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 141,781 shares, a growth of 22.2% from the February 12th total of 116,007 shares. Based on an average daily volume of 37,135 shares, the short-interest ratio is presently 3.8 days. Approximately 7.5% of the shares of the stock are sold short. Approximately 7.5% of the shares of the stock are sold short. Based on an average daily volume of 37,135 shares, the short-interest ratio is presently 3.8 days.

Bitwise COIN Option Income Strategy ETF Trading Up 2.6%

Shares of ICOI traded up $0.35 during mid-day trading on Tuesday, reaching $13.61. 30,687 shares of the company’s stock were exchanged, compared to its average volume of 94,804. Bitwise COIN Option Income Strategy ETF has a 52-week low of $10.97 and a 52-week high of $65.75. The company has a 50-day simple moving average of $14.10 and a two-hundred day simple moving average of $23.31.

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 stake in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) by 1,431.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.

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.