GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Trading Up 7.1% – What’s Next?

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) shares rose 7.1% during mid-day trading on Tuesday . The stock traded as high as $66.40 and last traded at $63.54. Approximately 111,544 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 218,170 shares. The stock had previously closed at $59.31.

GraniteShares 2x Short COIN Daily ETF Price Performance

The company’s 50-day simple moving average is $49.25 and its 200 day simple moving average is $61.09.

Hedge Funds Weigh In On GraniteShares 2x Short COIN Daily ETF

A number of large investors have recently modified their holdings of the company. Jump Financial LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at about $1,554,000. Jane Street Group LLC raised its position in GraniteShares 2x Short COIN Daily ETF by 355.6% during the second quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock valued at $486,000 after buying an additional 157,242 shares during the period. Two Sigma Securities LLC bought a new position in GraniteShares 2x Short COIN Daily ETF during the second quarter valued at approximately $283,000. Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF during the second quarter valued at approximately $271,000. Finally, HRT Financial LP bought a new stake in GraniteShares 2x Short COIN Daily ETF during the 4th quarter valued at approximately $212,000.

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.