GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Short Interest Up 1,422.0% in May

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 179,697 shares, an increase of 1,422.0% from the April 30th total of 11,807 shares. Based on an average trading volume of 324,801 shares, the short-interest ratio is currently 0.6 days. Approximately 47.3% of the company’s shares are short sold.

Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF

Several institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter valued at about $271,000. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter worth about $40,000. Jump Financial LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter worth about $1,554,000. Jane Street Group LLC increased its holdings in GraniteShares 2x Short COIN Daily ETF by 355.6% during the 2nd quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock valued at $486,000 after purchasing an additional 157,242 shares during the period. Finally, Vienna Asset Management LLC purchased a new position in GraniteShares 2x Short COIN Daily ETF during the 2nd quarter valued at about $145,000.

GraniteShares 2x Short COIN Daily ETF Stock Performance

Shares of CONI stock opened at $51.16 on Thursday. The business has a 50-day moving average of $50.59 and a 200 day moving average of $60.53. GraniteShares 2x Short COIN Daily ETF has a 1-year low of $28.40 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.