GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 11,808 shares, a decline of 93.4% from the May 14th total of 179,697 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 153,584 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF
Several large investors have recently added to or reduced their stakes in the stock. Jump Financial LLC purchased a new stake in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at about $1,554,000. Jane Street Group LLC lifted its position in shares of GraniteShares 2x Short COIN Daily ETF by 355.6% in the 2nd quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock worth $486,000 after purchasing an additional 157,242 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth approximately $283,000. Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth approximately $271,000. Finally, Vienna Asset Management LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth approximately $145,000.
GraniteShares 2x Short COIN Daily ETF Price Performance
GraniteShares 2x Short COIN Daily ETF stock traded up $4.41 during trading hours on Tuesday, hitting $59.60. The company had a trading volume of 149,316 shares, compared to its average volume of 230,141. GraniteShares 2x Short COIN Daily ETF has a 1 year low of $28.40 and a 1 year high of $141.65. The company has a 50-day moving average price of $49.83 and a two-hundred day moving average price of $60.76.
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.
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