Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Short Interest Update

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

Bitwise COIN Option Income Strategy ETF Price Performance

Shares of ICOI opened at $10.37 on Friday. The stock has a 50-day moving average price of $10.57 and a 200 day moving average price of $12.05. Bitwise COIN Option Income Strategy ETF has a one year low of $9.12 and a one year high of $50.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bitwise COIN Option Income Strategy ETF stock. Kestra Advisory Services LLC acquired a new position in shares of Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 reporting period.

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.