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 growth in short interest in the month of 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 trading volume, of 37,135 shares, the short-interest ratio is presently 3.8 days. Approximately 7.5% of the company’s shares are sold short. Approximately 7.5% of the company’s shares are sold short. Based on an average daily trading volume, of 37,135 shares, the short-interest ratio is presently 3.8 days.

Bitwise COIN Option Income Strategy ETF Stock Up 3.4%

ICOI stock traded up $0.43 during midday trading on Monday, hitting $13.26. The stock had a trading volume of 52,403 shares, compared to its average volume of 96,105. The company’s 50-day moving average price is $14.10 and its 200 day moving average price is $23.31. Bitwise COIN Option Income Strategy ETF has a 12-month low of $10.97 and a 12-month high of $65.75.

Hedge Funds 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 purchased a new position in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,979 shares of the company’s stock, valued at approximately $64,000. Kestra Advisory Services LLC owned about 0.21% of Bitwise COIN Option Income Strategy ETF 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.