Short Interest in GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Increases By 116.0%

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 22,808 shares, an increase of 116.0% from the June 30th total of 10,558 shares. Approximately 9.1% of the company’s stock are short sold. Based on an average daily volume of 133,525 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Short COIN Daily ETF Stock Performance

NASDAQ:CONI traded up $1.83 on Wednesday, reaching $45.07. The stock had a trading volume of 75,737 shares, compared to its average volume of 209,018. The company has a 50-day moving average of $51.25 and a 200 day moving average of $59.55. GraniteShares 2x Short COIN Daily ETF has a 12-month low of $28.41 and a 12-month high of $141.65.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. boosted its stake in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% during the 1st quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock valued at $1,083,000 after buying an additional 14,702 shares during the last quarter. Group One Trading LLC increased its stake in shares of GraniteShares 2x Short COIN Daily ETF by 1,422.5% in the first quarter. Group One Trading LLC now owns 609 shares of the company’s stock worth $37,000 after buying an additional 569 shares during the last quarter. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the first quarter worth $350,000. HRT Financial LP acquired a new stake in GraniteShares 2x Short COIN Daily ETF in the fourth quarter valued at $212,000. Finally, SBI Securities Co. Ltd. raised its holdings 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 acquiring an additional 309 shares in 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.