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

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 11,808 shares, a decline of 93.4% from the May 14th total of 179,697 shares. Based on an average daily trading volume, of 153,584 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.1% of the shares of the stock are sold short.

GraniteShares 2x Short COIN Daily ETF Stock Up 8.0%

Shares of CONI traded up $4.41 during trading hours on Tuesday, reaching $59.60. 149,316 shares of the stock traded hands, compared to its average volume of 230,141. GraniteShares 2x Short COIN Daily ETF has a 52-week low of $28.40 and a 52-week high of $141.65. The company’s 50-day moving average price is $49.83 and its two-hundred day moving average price is $60.76.

Institutional Trading of GraniteShares 2x Short COIN Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC increased its holdings in 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. SBI Securities Co. Ltd. increased its holdings in GraniteShares 2x Short COIN Daily ETF by 72.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock valued at $50,000 after acquiring an additional 309 shares during the last quarter. HRT Financial LP bought a new stake in GraniteShares 2x Short COIN Daily ETF in the 4th quarter valued at $212,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF in the 1st quarter valued at $350,000. Finally, Genesis Financial Group LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF in the 4th quarter valued at $418,000.

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.