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

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,221 shares, a drop of 55.2% from the July 15th total of 22,808 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average daily volume of 170,946 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

A number of institutional investors have recently bought and sold shares of CONI. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% in the 1st quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock worth $1,083,000 after acquiring an additional 14,702 shares during the last quarter. Group One Trading LLC raised its position in GraniteShares 2x Short COIN Daily ETF by 1,422.5% in the 1st 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. IMC Chicago LLC purchased a new stake in GraniteShares 2x Short COIN Daily ETF in the 1st quarter worth about $350,000. HRT Financial LP bought a new stake in GraniteShares 2x Short COIN Daily ETF in the fourth quarter worth about $212,000. Finally, SBI Securities Co. Ltd. lifted its stake in GraniteShares 2x Short COIN Daily ETF by 72.5% in 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 last quarter.

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of GraniteShares 2x Short COIN Daily ETF stock traded down $1.78 on Monday, reaching $49.85. The company had a trading volume of 69,929 shares, compared to its average volume of 200,812. The firm’s 50-day moving average price is $51.95 and its two-hundred day moving average price is $58.74. GraniteShares 2x Short COIN Daily ETF has a 1 year low of $28.41 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.