GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Shares Shorted: Short Interest Down 91.8% in September

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 6,603 shares, a decrease of 91.8% from the September 15th total of 80,614 shares. Based on an average daily trading volume, of 516,577 shares, the short-interest ratio is currently 0.0 days. Approximately 1.3% of the company’s shares are sold short.

GraniteShares 2x Short COIN Daily ETF Stock Performance

GraniteShares 2x Short COIN Daily ETF stock traded down $2.36 during mid-day trading on Friday, hitting $25.47. 506,593 shares of the company’s stock were exchanged, compared to its average volume of 246,247. GraniteShares 2x Short COIN Daily ETF has a fifty-two week low of $19.30 and a fifty-two week high of $141.65. The company’s 50 day simple moving average is $33.59 and its 200-day simple moving average is $45.08.

Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF

Several large investors have recently modified their holdings of CONI. Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% in the first quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock valued at $1,083,000 after buying an additional 14,702 shares during the period. Group One Trading LLC increased its position in shares of GraniteShares 2x Short COIN Daily ETF by 1,422.5% during the first quarter. Group One Trading LLC now owns 609 shares of the company’s stock worth $37,000 after acquiring an additional 569 shares in the last quarter. Finally, IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the first quarter worth $350,000.

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.