Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Short Interest Up 27.3% in March

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 176,314 shares, a growth of 27.3% from the March 15th total of 138,542 shares. Based on an average daily volume of 62,192 shares, the short-interest ratio is currently 2.8 days. Approximately 8.9% of the company’s stock are short sold.

Institutional Investors Weigh In On 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 purchased a new position in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

Bitwise COIN Option Income Strategy ETF Stock Up 0.3%

Shares of ICOI traded up $0.03 during midday trading on Thursday, reaching $11.73. 16,281 shares of the stock were exchanged, compared to its average volume of 82,079. Bitwise COIN Option Income Strategy ETF has a 12-month low of $10.47 and a 12-month high of $65.75. The firm has a 50 day simple moving average of $12.25 and a 200-day simple moving average of $19.44.

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.