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

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 12,428 shares, a decline of 41.9% from the December 31st total of 21,380 shares. Based on an average daily volume of 144,796 shares, the days-to-cover ratio is presently 0.1 days. Currently, 4.8% of the company’s stock are short sold. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 144,796 shares, the days-to-cover ratio is presently 0.1 days.

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

Several large investors have recently made changes to their positions in the stock. Genesis Financial Group LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the fourth quarter valued at approximately $418,000. Swan Global Investments LLC acquired a new position in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter worth $39,000. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter valued at $40,000. Group One Trading LLC boosted its stake in shares of 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 valued at $42,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Vienna Asset Management LLC purchased a new stake in GraniteShares 2x Short COIN Daily ETF during the 2nd quarter worth about $145,000.

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of NASDAQ:CONI traded up $3.49 during midday trading on Friday, reaching $84.61. 122,820 shares of the company were exchanged, compared to its average volume of 119,226. GraniteShares 2x Short COIN Daily ETF has a one year low of $28.40 and a one year high of $354.80. The business’s fifty day moving average is $58.96 and its two-hundred day moving average is $49.81.

GraniteShares 2x Short COIN Daily ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were issued a $0.5968 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

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.