GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 80,614 shares, a growth of 728.6% from the August 31st total of 9,729 shares. Approximately 11.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 353,460 shares, the short-interest ratio is currently 0.2 days.
GraniteShares 2x Short COIN Daily ETF Stock Down 1.3%
NASDAQ:CONI traded down $0.28 during midday trading on Thursday, hitting $21.22. The company had a trading volume of 467,195 shares, compared to its average volume of 242,114. The stock’s fifty day moving average price is $38.58 and its 200-day moving average price is $47.13. GraniteShares 2x Short COIN Daily ETF has a 52-week low of $19.30 and a 52-week high of $141.65.
Institutional Trading of GraniteShares 2x Short COIN Daily ETF
A number of hedge funds have recently bought and sold shares of CONI. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% during the first 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. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Short COIN Daily ETF in the first quarter worth about $350,000. Finally, Group One Trading LLC lifted its stake in shares of 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.
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.
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