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

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 61,540 shares, a drop of 53.1% from the April 15th total of 131,157 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 45,519 shares, the days-to-cover ratio is presently 1.4 days.

Bitwise COIN Option Income Strategy ETF Stock Performance

NYSEARCA:ICOI traded down $0.60 during trading hours on Friday, hitting $12.20. The company had a trading volume of 42,068 shares, compared to its average volume of 73,793. Bitwise COIN Option Income Strategy ETF has a 52 week low of $10.47 and a 52 week high of $65.75. The stock has a 50-day moving average price of $12.05 and a 200 day moving average price of $16.39.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 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.