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

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 141,781 shares, an increase 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 currently 3.8 days. Currently, 7.5% of the company’s stock are short sold. Currently, 7.5% of the company’s stock are short sold. Based on an average daily trading volume, of 37,135 shares, the short-interest ratio is currently 3.8 days.

Bitwise COIN Option Income Strategy ETF Trading Up 2.6%

Bitwise COIN Option Income Strategy ETF stock opened at $13.61 on Wednesday. Bitwise COIN Option Income Strategy ETF has a 52-week low of $10.97 and a 52-week high of $65.75. The company’s 50 day moving average is $14.02 and its two-hundred day moving average is $23.14.

Institutional Trading of 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 shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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.