Leverage Shares 2X Long COIN Daily ETF (NASDAQ:COIG) Sees Significant Decline in Short Interest

Leverage Shares 2X Long COIN Daily ETF (NASDAQ:COIG) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 41,032 shares, a drop of 34.0% from the July 30th total of 62,172 shares. Based on an average trading volume of 207,857 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.5% of the shares of the stock are short sold.

Leverage Shares 2X Long COIN Daily ETF Price Performance

NASDAQ:COIG traded down $0.75 during trading hours on Tuesday, reaching $5.39. 158,168 shares of the company traded hands, compared to its average volume of 139,848. The firm’s 50-day moving average is $4.84 and its 200-day moving average is $6.56. Leverage Shares 2X Long COIN Daily ETF has a 1-year low of $3.50 and a 1-year high of $52.00.

Leverage Shares 2X Long COIN Daily ETF Company Profile

The Leverage Shares 2X Long COIN Daily ETF (COIG) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide 2x leveraged exposure to the daily price movement of COIN stock, less fees, and expenses. The fund uses derivatives to pursue its objective, holdings are used as collateral. COIG was launched on Mar 14, 2025 and is issued by Leverage Shares.