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 significant drop in short interest in February. As of February 27th, there was short interest totaling 19,703 shares, a drop of 77.9% from the February 12th total of 89,004 shares. Currently, 10.4% of the shares of the stock are short sold. Based on an average trading volume of 220,277 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 220,277 shares, the days-to-cover ratio is presently 0.1 days. Currently, 10.4% of the shares of the stock are short sold.

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of GraniteShares 2x Short COIN Daily ETF stock traded up $1.63 during trading on Tuesday, reaching $53.67. The company’s stock had a trading volume of 287,489 shares, compared to its average volume of 232,182. GraniteShares 2x Short COIN Daily ETF has a 52-week low of $28.40 and a 52-week high of $354.80. The firm’s 50-day moving average is $75.98 and its two-hundred day moving average is $57.64.

GraniteShares 2x Short COIN Daily ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a dividend of $0.5968 per share. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date was Monday, December 29th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Jump Financial LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at about $1,554,000. Jane Street Group LLC grew its position in GraniteShares 2x Short COIN Daily ETF by 355.6% during the 2nd quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock worth $486,000 after acquiring an additional 157,242 shares during the last quarter. Two Sigma Securities LLC purchased a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth approximately $283,000. Flow Traders U.S. LLC purchased a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth approximately $271,000. Finally, Vienna Asset Management LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at approximately $145,000.

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.