Short Interest in Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) Declines By 41.1%

Bitwise COIN Option Income Strategy ETF (NYSEARCA:ICOI) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 83,030 shares, a decrease of 41.1% from the January 15th total of 140,925 shares. Based on an average daily volume of 232,301 shares, the short-interest ratio is presently 0.4 days. Currently, 4.4% of the shares of the company are sold short. Currently, 4.4% of the shares of the company are sold short. Based on an average daily volume of 232,301 shares, the short-interest ratio is presently 0.4 days.

Bitwise COIN Option Income Strategy ETF Price Performance

Shares of NYSEARCA:ICOI traded up $1.07 during trading on Friday, hitting $12.41. 46,791 shares of the stock traded hands, compared to its average volume of 131,353. The company has a fifty day moving average price of $16.67 and a two-hundred day moving average price of $27.67. Bitwise COIN Option Income Strategy ETF has a 52-week low of $10.97 and a 52-week high of $65.75.

Institutional Inflows and Outflows

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