Short Interest in GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Drops By 55.2%

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

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of NASDAQ CONI traded up $3.34 during midday trading on Friday, reaching $51.65. 59,205 shares of the company’s stock traded hands, compared to its average volume of 201,664. The stock’s 50 day simple moving average is $51.95 and its 200-day simple 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 Trading of GraniteShares 2x Short COIN Daily ETF

A number of hedge funds have recently bought and sold shares of CONI. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% in the 1st quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock valued at $1,083,000 after acquiring an additional 14,702 shares during the period. Group One Trading LLC lifted its stake in shares of 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. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 1st quarter worth $350,000. HRT Financial LP bought a new stake in GraniteShares 2x Short COIN Daily ETF during the fourth quarter valued at about $212,000. Finally, SBI Securities Co. Ltd. grew its stake in GraniteShares 2x Short COIN Daily ETF by 72.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock valued at $50,000 after purchasing an additional 309 shares during the last quarter.

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.