GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Sees Significant Decrease in Short Interest

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,528 shares, a drop of 36.1% from the July 30th total of 10,221 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily volume of 87,099 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Short COIN Daily ETF Stock Up 0.3%

Shares of NASDAQ:CONI traded up $0.10 during trading on Wednesday, reaching $32.23. The stock had a trading volume of 107,289 shares, compared to its average volume of 217,709. The firm’s 50-day simple moving average is $47.50 and its 200 day simple moving average is $53.44. GraniteShares 2x Short COIN Daily ETF has a one year low of $27.39 and a one year high of $141.65.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

Large investors have recently made changes to their positions in the company. Group One Trading LLC raised its holdings in GraniteShares 2x Short COIN Daily ETF by 1,422.5% in the 1st quarter. Group One Trading LLC now owns 609 shares of the company’s stock valued at $37,000 after acquiring an additional 569 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 72.5% during the 4th 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 last quarter. HRT Financial LP purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the fourth quarter valued at approximately $212,000. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the first quarter valued at approximately $350,000. Finally, StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter valued at approximately $40,000.

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.