Short Interest in GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Rises By 116.0%

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

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

Several large investors have recently modified their holdings of CONI. SBI Securities Co. Ltd. lifted its holdings in shares of 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. Group One Trading LLC raised its position in 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 worth $37,000 after purchasing an additional 569 shares during the last quarter. HRT Financial LP bought a new position in GraniteShares 2x Short COIN Daily ETF during the 4th quarter worth $212,000. IMC Chicago LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF during the 1st quarter worth about $350,000. Finally, Genesis Financial Group LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF during the 4th quarter worth about $418,000.

GraniteShares 2x Short COIN Daily ETF Stock Performance

Shares of GraniteShares 2x Short COIN Daily ETF stock traded down $1.76 on Thursday, hitting $45.44. The stock had a trading volume of 64,871 shares, compared to its average volume of 208,232. The stock has a 50 day moving average of $51.33 and a 200 day moving average of $59.49. GraniteShares 2x Short COIN Daily ETF has a twelve month low of $28.41 and a twelve month high of $141.65.

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.