GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Trading Up 5.9% – Still a Buy?

Shares of GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONIGet Free Report) were up 5.9% during mid-day trading on Thursday . The stock traded as high as $48.50 and last traded at $47.39. 117,377 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 211,726 shares. The stock had previously closed at $44.73.

GraniteShares 2x Short COIN Daily ETF Trading Up 3.6%

The stock has a fifty day simple moving average of $51.23 and a two-hundred day simple moving average of $59.66.

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

Several large investors have recently added to or reduced their stakes in CONI. SBI Securities Co. Ltd. grew its position in GraniteShares 2x Short COIN Daily ETF by 72.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 735 shares of the company’s stock worth $50,000 after buying an additional 309 shares in the last quarter. Group One Trading LLC raised its holdings 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 in the last quarter. HRT Financial LP bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 4th quarter valued at about $212,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 1st quarter valued at about $350,000. Finally, Genesis Financial Group LLC bought a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the 4th quarter valued at about $418,000.

GraniteShares 2x Short COIN Daily ETF Company Profile

(Get Free Report)

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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