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

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 75,841 shares, a decline of 32.3% from the June 30th total of 111,967 shares. Currently, 5.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 71,411 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Bitwise COIN Option Income Strategy ETF

A hedge fund recently bought a new stake in Bitwise COIN Option Income Strategy ETF stock. Kestra Advisory Services LLC bought a new position in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,979 shares of the company’s stock, valued at approximately $64,000. Kestra Advisory Services LLC owned approximately 0.21% of Bitwise COIN Option Income Strategy ETF as of its most recent filing with the SEC.

Bitwise COIN Option Income Strategy ETF Price Performance

Shares of NYSEARCA:ICOI opened at $10.36 on Friday. Bitwise COIN Option Income Strategy ETF has a 1 year low of $9.12 and a 1 year high of $50.23. The business’s 50 day simple moving average is $10.59 and its 200 day simple moving average is $12.06.

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.