GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 80,614 shares, an increase of 728.6% from the August 31st total of 9,729 shares. Approximately 11.0% of the shares of the company are sold short. Based on an average daily trading volume, of 353,460 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% during the 1st quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock worth $1,083,000 after purchasing an additional 14,702 shares during the period. IMC Chicago LLC purchased a new position in shares of GraniteShares 2x Short COIN Daily ETF in the 1st quarter valued at 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 first quarter. Group One Trading LLC now owns 609 shares of the company’s stock valued at $37,000 after purchasing an additional 569 shares during the period.
GraniteShares 2x Short COIN Daily ETF Stock Performance
GraniteShares 2x Short COIN Daily ETF stock opened at $21.22 on Friday. GraniteShares 2x Short COIN Daily ETF has a 1-year low of $19.30 and a 1-year high of $141.65. The stock’s 50 day moving average price is $38.58 and its 200 day moving average price is $47.13.
GraniteShares 2x Short COIN Daily ETF Company Profile
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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