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

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 6,528 shares, a decline of 36.1% from the July 30th total of 10,221 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily volume of 87,099 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC raised its holdings 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 period. StoneX Group Inc. bought a new position in GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at $40,000. SBI Securities Co. Ltd. increased its stake 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 worth $50,000 after purchasing an additional 309 shares during the period. Vienna Asset Management LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the second quarter worth $145,000. Finally, HRT Financial LP bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the fourth quarter worth $212,000.

GraniteShares 2x Short COIN Daily ETF Stock Performance

NASDAQ:CONI opened at $32.71 on Thursday. The stock’s fifty day moving average is $46.92 and its 200 day moving average is $52.70. GraniteShares 2x Short COIN Daily ETF has a fifty-two week low of $27.39 and a fifty-two week high of $141.65.

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.