GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Shares Down 1.4% – Here’s Why

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) dropped 1.4% during mid-day trading on Thursday . The stock traded as low as $41.27 and last traded at $42.71. Approximately 294,489 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 331,105 shares. The stock had previously closed at $43.33.

GraniteShares 2x Short COIN Daily ETF Price Performance

The company’s 50-day moving average price is $45.43 and its 200-day moving average price is $99.17.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

Several institutional investors have recently modified their holdings of CONI. Jump Financial LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter valued at about $1,554,000. Jane Street Group LLC boosted its position in GraniteShares 2x Short COIN Daily ETF by 355.6% during the second quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock worth $486,000 after acquiring an additional 157,242 shares during the last quarter. Avior Wealth Management LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF during the second quarter worth about $301,000. Two Sigma Securities LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF during the second quarter worth about $283,000. Finally, Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF during the second quarter worth about $271,000.

GraniteShares 2x Short COIN Daily ETF Company Profile

The GraniteShares 1x Short COIN Daily ETF (CONI) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1x inverse exposure, less fees and expenses, to the daily price movement for shares of Coinbase Global, Inc stock. CONI was launched on Sep 3, 2024 and is issued by GraniteShares.