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

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 19,201 shares, an increase of 66.4% from the March 15th total of 11,537 shares. Based on an average daily volume of 241,209 shares, the short-interest ratio is currently 0.1 days. Currently, 8.0% of the shares of the company are short sold.

GraniteShares 2x Short COIN Daily ETF Price Performance

Shares of NASDAQ:CONI traded down $3.54 on Wednesday, hitting $50.60. The company had a trading volume of 128,070 shares, compared to its average volume of 222,863. GraniteShares 2x Short COIN Daily ETF has a 1-year low of $28.40 and a 1-year high of $293.59. The stock has a 50 day moving average price of $72.47 and a 200 day moving average price of $59.30.

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

Several institutional investors and hedge funds have recently modified their holdings of CONI. Jump Financial LLC acquired a new position in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter valued at $1,554,000. Jane Street Group LLC grew its holdings in GraniteShares 2x Short COIN Daily ETF by 355.6% in the 2nd 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 in the last quarter. Two Sigma Securities LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at $283,000. Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at $271,000. Finally, Vienna Asset Management LLC acquired a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at $145,000.

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.