GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 11,807 shares, a drop of 63.5% from the April 15th total of 32,347 shares. Based on an average daily trading volume, of 240,875 shares, the short-interest ratio is presently 0.0 days. Currently, 3.1% of the company’s shares are sold short.
Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF
Hedge funds have recently modified their holdings of the business. Group One Trading LLC raised 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 purchasing an additional 569 shares during the period. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter worth about $40,000. SBI Securities Co. Ltd. raised its position 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 worth $50,000 after purchasing an additional 309 shares during the period. Vienna Asset Management LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter worth about $145,000. Finally, HRT Financial LP acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the fourth quarter worth about $212,000.
GraniteShares 2x Short COIN Daily ETF Price Performance
CONI traded up $5.69 during midday trading on Friday, reaching $41.42. 645,859 shares of the company were exchanged, compared to its average volume of 241,015. GraniteShares 2x Short COIN Daily ETF has a one year low of $28.40 and a one year high of $141.65. The stock’s 50-day simple moving average is $51.78 and its 200 day simple moving average is $60.01.
About GraniteShares 2x Short COIN Daily ETF
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.
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