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 drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,420 shares, a drop of 37.2% from the May 31st total of 11,808 shares. Based on an average trading volume of 146,631 shares, the short-interest ratio is presently 0.1 days. Currently, 2.0% of the company’s shares are short sold.

GraniteShares 2x Short COIN Daily ETF Stock Performance

CONI remained flat at $47.97 on Friday. The company had a trading volume of 168,480 shares, compared to its average volume of 217,845. GraniteShares 2x Short COIN Daily ETF has a 12 month low of $28.40 and a 12 month high of $141.65. The company’s 50-day moving average is $49.25 and its two-hundred day moving average is $61.09.

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

Hedge funds have recently made changes to their positions in the company. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Short COIN Daily ETF in the first quarter valued at approximately $350,000. Group One Trading LLC increased its position in shares of GraniteShares 2x Short COIN Daily ETF by 1,422.5% during the first quarter. Group One Trading LLC now owns 609 shares of the company’s stock worth $37,000 after purchasing an additional 569 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter worth approximately $40,000. Vienna Asset Management LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at $145,000. Finally, HRT Financial LP acquired a new position in GraniteShares 2x Short COIN Daily ETF in the 4th 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.