GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Trading Down 0.8% – Here’s What Happened

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) were down 0.8% on Friday . The stock traded as low as $45.81 and last traded at $48.66. Approximately 754,860 shares changed hands during trading, an increase of 112% from the average daily volume of 356,247 shares. The stock had previously closed at $49.04.

GraniteShares 2x Short COIN Daily ETF Stock Down 0.8%

The stock has a fifty day moving average of $41.27 and a 200-day moving average of $70.27.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Swan Global Investments LLC acquired a new position in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at $39,000. StoneX Group Inc. acquired a new position in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at $40,000. Group One Trading LLC raised its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 295.5% in the second quarter. Group One Trading LLC now owns 17,400 shares of the company’s stock valued at $42,000 after buying an additional 13,000 shares during the last quarter. Vienna Asset Management LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter worth about $145,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter worth about $271,000.

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.