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

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 11,537 shares, a decrease of 41.4% from the February 26th total of 19,703 shares. Currently, 6.1% of the company’s shares are sold short. Based on an average daily volume of 402,677 shares, the days-to-cover ratio is presently 0.0 days.

GraniteShares 2x Short COIN Daily ETF Trading Up 14.0%

Shares of NASDAQ CONI opened at $74.39 on Friday. The business’s fifty day simple moving average is $75.14 and its 200-day simple moving average is $57.75. GraniteShares 2x Short COIN Daily ETF has a 12-month low of $28.40 and a 12-month high of $354.80.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. StoneX Group Inc. purchased a new position in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at approximately $40,000. Group One Trading LLC raised its stake in GraniteShares 2x Short COIN Daily ETF by 295.5% during the 2nd 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. raised its stake in GraniteShares 2x Short COIN Daily ETF by 72.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock worth $50,000 after acquiring an additional 309 shares in the last quarter. Vienna Asset Management LLC purchased a new stake in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at $145,000. Finally, HRT Financial LP acquired a new position in GraniteShares 2x Short COIN Daily ETF in the fourth quarter valued at $212,000.

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.