GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Sees Significant Drop in Short Interest

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,528 shares, a decrease of 36.1% from the July 30th total of 10,221 shares. Based on an average daily volume of 87,099 shares, the short-interest ratio is currently 0.1 days. Approximately 2.5% of the shares of the company are short sold.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

Several hedge funds have recently added to or reduced their stakes in CONI. Group One Trading LLC boosted its position in GraniteShares 2x Short COIN Daily ETF by 1,422.5% during the 1st quarter. Group One Trading LLC now owns 609 shares of the company’s stock worth $37,000 after acquiring an additional 569 shares during the period. StoneX Group Inc. acquired a new position in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter valued at $40,000. SBI Securities Co. Ltd. increased its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 72.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock valued at $50,000 after purchasing an additional 309 shares during the period. Vienna Asset Management LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter valued at about $145,000. Finally, HRT Financial LP bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the fourth quarter valued at about $212,000.

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of NASDAQ:CONI traded up $3.53 during trading hours on Tuesday, hitting $32.15. The stock had a trading volume of 166,999 shares, compared to its average volume of 218,139. The stock’s fifty day simple moving average is $47.98 and its 200 day simple moving average is $54.05. GraniteShares 2x Short COIN Daily ETF has a 1-year low of $27.39 and a 1-year high of $141.65.

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.