Short Interest in GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Declines By 41.9%

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 12,428 shares, a decrease of 41.9% from the December 31st total of 21,380 shares. Based on an average daily trading volume, of 144,796 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.8% of the shares of the stock are short sold. Currently, 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 144,796 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF

Several large investors have recently made changes to their positions in CONI. Swan Global Investments LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter worth about $39,000. Flow Traders U.S. LLC purchased a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter worth approximately $271,000. StoneX Group Inc. acquired a new stake in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at approximately $40,000. Jump Financial LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter valued at approximately $1,554,000. Finally, Jane Street Group LLC boosted its stake in shares of GraniteShares 2x Short COIN Daily ETF by 355.6% in the second quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock valued at $486,000 after purchasing an additional 157,242 shares during the period.

GraniteShares 2x Short COIN Daily ETF Trading Up 5.4%

CONI traded up $4.36 during trading on Friday, hitting $85.48. The company’s stock had a trading volume of 63,840 shares, compared to its average volume of 116,188. GraniteShares 2x Short COIN Daily ETF has a twelve month low of $28.40 and a twelve month high of $354.80. The firm’s 50 day moving average price is $58.59 and its 200-day moving average price is $49.48.

GraniteShares 2x Short COIN Daily ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a dividend of $0.5968 per share. The ex-dividend date was Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

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.