GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 179,697 shares, an increase of 1,422.0% from the April 30th total of 11,807 shares. Based on an average daily volume of 324,801 shares, the days-to-cover ratio is presently 0.6 days. Currently, 47.3% of the company’s stock are short sold.
Institutional Trading of GraniteShares 2x Short COIN Daily ETF
A number of hedge funds have recently made changes to their positions in CONI. Jump Financial LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth approximately $1,554,000. Jane Street Group LLC lifted its position in GraniteShares 2x Short COIN Daily ETF by 355.6% in the 2nd quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock valued at $486,000 after acquiring an additional 157,242 shares in the last quarter. Two Sigma Securities LLC bought a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at approximately $283,000. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at approximately $271,000. Finally, Vienna Asset Management LLC bought a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at approximately $145,000.
GraniteShares 2x Short COIN Daily ETF Stock Performance
Shares of CONI traded up $3.22 during mid-day trading on Wednesday, reaching $51.16. The company had a trading volume of 95,288 shares, compared to its average volume of 234,791. The firm has a 50-day moving average price of $50.59 and a 200 day moving average price of $60.53. GraniteShares 2x Short COIN Daily ETF has a 52 week low of $28.40 and a 52 week high of $141.65.
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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