Short Interest in GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Declines By 41.4%

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 11,537 shares, a drop of 41.4% from the February 26th total of 19,703 shares. Currently, 6.1% of the company’s stock are sold short. Based on an average trading volume of 402,677 shares, the short-interest ratio is presently 0.0 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC acquired a new stake in shares of GraniteShares 2x Short COIN Daily ETF in the 2nd quarter valued at approximately $1,554,000. Jane Street Group LLC raised its position in GraniteShares 2x Short COIN Daily ETF by 355.6% during the second quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock worth $486,000 after acquiring an additional 157,242 shares in the last quarter. Two Sigma Securities LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF during the second quarter worth $283,000. Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at $271,000. Finally, Vienna Asset Management LLC acquired a new stake in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at $145,000.

GraniteShares 2x Short COIN Daily ETF Stock Performance

CONI traded up $9.12 on Friday, hitting $74.39. 176,468 shares of the company were exchanged, compared to its average volume of 236,797. GraniteShares 2x Short COIN Daily ETF has a 12 month low of $28.40 and a 12 month high of $354.80. The stock’s fifty day moving average is $75.14 and its 200-day moving average is $57.81.

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.