GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Short Interest Update

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 13,803,371 shares, an increase of 53.4% from the July 15th total of 8,996,483 shares. Based on an average trading volume of 18,296,808 shares, the short-interest ratio is currently 0.8 days. Currently, 14.2% of the shares of the company are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its stake in GraniteShares 2x Long COIN Daily ETF by 64.8% during the 3rd quarter. UBS Group AG now owns 1,951,379 shares of the company’s stock valued at $72,982,000 after acquiring an additional 767,632 shares during the period. Optiver Holding B.V. lifted its position in GraniteShares 2x Long COIN Daily ETF by 232.2% during the first quarter. Optiver Holding B.V. now owns 129,394 shares of the company’s stock valued at $906,000 after purchasing an additional 90,448 shares during the period. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long COIN Daily ETF in the first quarter valued at $814,000. Renaissance Technologies LLC boosted its holdings in GraniteShares 2x Long COIN Daily ETF by 91.2% in the fourth quarter. Renaissance Technologies LLC now owns 91,600 shares of the company’s stock valued at $1,342,000 after purchasing an additional 43,700 shares during the last quarter. Finally, HRT Financial LP grew its position in GraniteShares 2x Long COIN Daily ETF by 165.2% during the 4th quarter. HRT Financial LP now owns 38,071 shares of the company’s stock worth $557,000 after purchasing an additional 23,716 shares during the period.

GraniteShares 2x Long COIN Daily ETF Stock Up 18.3%

Shares of CONL opened at $4.65 on Thursday. The stock has a 50-day moving average of $4.85 and a two-hundred day moving average of $6.78. GraniteShares 2x Long COIN Daily ETF has a one year low of $3.56 and a one year high of $52.40.

About GraniteShares 2x Long COIN Daily ETF

The GraniteShares 1.5x Long Coinbase Daily ETF (CONL) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Coinbase stock. CONL was launched on Aug 9, 2022 and is managed by GraniteShares.