GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Short Interest Update

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 7,420 shares, a decrease of 37.2% from the May 31st total of 11,808 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 146,631 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On GraniteShares 2x Short COIN Daily ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CONI. Group One Trading LLC increased its holdings in 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 valued at $37,000 after buying an additional 569 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter valued at $40,000. SBI Securities Co. Ltd. increased its stake in shares of GraniteShares 2x Short COIN Daily ETF by 72.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock worth $50,000 after purchasing an additional 309 shares in the last quarter. Vienna Asset Management LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth $145,000. Finally, HRT Financial LP bought a new position in GraniteShares 2x Short COIN Daily ETF in the 4th quarter worth $212,000.

GraniteShares 2x Short COIN Daily ETF Stock Down 6.6%

GraniteShares 2x Short COIN Daily ETF stock traded down $3.46 during mid-day trading on Thursday, reaching $48.70. 95,558 shares of the stock traded hands, compared to its average volume of 217,253. GraniteShares 2x Short COIN Daily ETF has a 12-month low of $28.40 and a 12-month high of $141.65. The business’s 50-day moving average is $49.22 and its 200-day moving average is $61.11.

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.