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

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 22,808 shares, an increase of 116.0% from the June 30th total of 10,558 shares. Approximately 9.1% of the company’s shares are short sold. Based on an average daily trading volume, of 133,525 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Short COIN Daily ETF Stock Performance

Shares of CONI traded down $0.02 on Tuesday, hitting $43.27. 116,741 shares of the stock traded hands, compared to its average volume of 209,775. GraniteShares 2x Short COIN Daily ETF has a 1 year low of $28.41 and a 1 year high of $141.65. The stock’s 50 day moving average is $51.22 and its two-hundred day moving average is $59.64.

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

Hedge funds have recently made changes to their positions in the business. Group One Trading LLC lifted its position in 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 buying an additional 569 shares during the period. SBI Securities Co. Ltd. grew its holdings in GraniteShares 2x Short COIN Daily ETF by 72.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock valued at $50,000 after purchasing an additional 309 shares during the period. HRT Financial LP purchased a new stake in GraniteShares 2x Short COIN Daily ETF in the fourth quarter valued at approximately $212,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF during the first quarter worth approximately $350,000. Finally, Genesis Financial Group LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF during the fourth quarter worth approximately $418,000.

About GraniteShares 2x Short COIN Daily ETF

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.