Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Short Interest Up 39.7% in February

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 116,007 shares, an increase of 39.7% from the January 29th total of 83,030 shares. Based on an average daily volume of 84,076 shares, the short-interest ratio is presently 1.4 days. Currently, 6.1% of the shares of the company are sold short. Currently, 6.1% of the shares of the company are sold short. Based on an average daily volume of 84,076 shares, the short-interest ratio is presently 1.4 days.

Bitwise COIN Option Income Strategy ETF Price Performance

Bitwise COIN Option Income Strategy ETF stock traded up $0.33 during trading on Wednesday, hitting $13.07. The stock had a trading volume of 29,950 shares, compared to its average volume of 105,565. The stock’s 50 day moving average is $14.87 and its two-hundred day moving average is $24.97. Bitwise COIN Option Income Strategy ETF has a 1 year low of $10.97 and a 1 year high of $65.75.

Institutional Investors Weigh In On Bitwise COIN Option Income Strategy ETF

An institutional investor recently bought a new position in Bitwise COIN Option Income Strategy ETF stock. Kestra Advisory Services LLC bought a new stake in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,979 shares of the company’s stock, valued at approximately $64,000. Kestra Advisory Services LLC owned 0.21% of Bitwise COIN Option Income Strategy ETF at the end of the most recent reporting period.

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.