GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 6,603 shares, a decline of 91.8% from the September 15th total of 80,614 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 516,577 shares, the short-interest ratio is currently 0.0 days.
GraniteShares 2x Short COIN Daily ETF Stock Performance
GraniteShares 2x Short COIN Daily ETF stock traded down $2.36 during midday trading on Friday, reaching $25.47. 506,593 shares of the stock were exchanged, compared to its average volume of 246,247. GraniteShares 2x Short COIN Daily ETF has a 52 week low of $19.30 and a 52 week high of $141.65. The company’s fifty day moving average is $33.59 and its 200-day moving average is $45.08.
Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF
A number of institutional investors and hedge funds have recently made changes to their positions in CONI. Optiver Holding B.V. increased its stake in GraniteShares 2x Short COIN Daily ETF by 506.6% in the 1st quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock worth $1,083,000 after acquiring an additional 14,702 shares during the last quarter. Group One Trading LLC boosted its position in shares of GraniteShares 2x Short COIN Daily ETF by 1,422.5% during the 1st quarter. Group One Trading LLC now owns 609 shares of the company’s stock valued at $37,000 after acquiring an additional 569 shares during the last quarter. Finally, IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Short COIN Daily ETF during the first quarter worth about $350,000.
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.
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