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 increase in short interest in April. As of April 15th, there was short interest totaling 32,347 shares, an increase of 68.5% from the March 31st total of 19,201 shares. Approximately 9.0% of the company’s stock are sold short. Based on an average daily volume of 160,543 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Short COIN Daily ETF Trading Up 1.6%

NASDAQ CONI traded up $0.71 during trading on Monday, hitting $44.40. The stock had a trading volume of 141,138 shares, compared to its average volume of 231,298. GraniteShares 2x Short COIN Daily ETF has a 12 month low of $28.40 and a 12 month high of $267.00. The company’s 50-day moving average price is $61.28 and its two-hundred day moving average price is $59.77.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. StoneX Group Inc. bought a new stake in GraniteShares 2x Short COIN Daily ETF during the 2nd quarter worth about $40,000. Group One Trading LLC raised its holdings in GraniteShares 2x Short COIN Daily ETF by 295.5% during the second quarter. Group One Trading LLC now owns 17,400 shares of the company’s stock worth $42,000 after acquiring an additional 13,000 shares in the last quarter. SBI Securities Co. Ltd. grew 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 valued at $50,000 after purchasing an additional 309 shares in the last quarter. Vienna Asset Management LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter worth approximately $145,000. Finally, HRT Financial LP bought a new position in shares of GraniteShares 2x Short COIN Daily ETF in the fourth quarter valued at $212,000.

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.