GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Sees Significant Decrease in Short Interest

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,221 shares, a decline of 55.2% from the July 15th total of 22,808 shares. Based on an average daily trading volume, of 170,946 shares, the short-interest ratio is presently 0.1 days. Approximately 3.9% of the shares of the company are short sold.

GraniteShares 2x Short COIN Daily ETF Price Performance

CONI traded up $3.34 during trading on Friday, hitting $51.65. 59,205 shares of the company traded hands, compared to its average volume of 201,664. The stock’s fifty day moving average is $51.95 and its 200 day moving average is $58.83. GraniteShares 2x Short COIN Daily ETF has a one year low of $28.41 and a one year high of $141.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% during 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 period. Group One Trading LLC raised its stake in GraniteShares 2x Short COIN Daily ETF by 1,422.5% in 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 period. IMC Chicago LLC purchased a new stake in GraniteShares 2x Short COIN Daily ETF during the first quarter valued at about $350,000. HRT Financial LP purchased a new stake in GraniteShares 2x Short COIN Daily ETF during the fourth quarter valued at about $212,000. Finally, SBI Securities Co. Ltd. boosted its position in GraniteShares 2x Short COIN Daily ETF by 72.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock worth $50,000 after purchasing an additional 309 shares during the period.

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.