GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 11,807 shares, a decline of 63.5% from the April 15th total of 32,347 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 240,875 shares, the days-to-cover ratio is presently 0.0 days.
GraniteShares 2x Short COIN Daily ETF Stock Performance
Shares of GraniteShares 2x Short COIN Daily ETF stock traded down $5.44 on Thursday, reaching $34.36. 486,280 shares of the company were exchanged, compared to its average volume of 235,286. The stock’s 50 day moving average price is $52.56 and its 200-day moving average price is $60.13. GraniteShares 2x Short COIN Daily ETF has a 1-year low of $28.40 and a 1-year high of $141.65.
Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF
Several hedge funds have recently made changes to their positions in the business. Jump Financial LLC acquired a new position in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter valued at about $1,554,000. Jane Street Group LLC increased its stake in shares of GraniteShares 2x Short COIN Daily ETF by 355.6% during the 2nd quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock valued at $486,000 after acquiring an additional 157,242 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter valued at about $283,000. Flow Traders U.S. LLC acquired a new position in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter valued at about $271,000. Finally, Vienna Asset Management LLC acquired a new position in shares of GraniteShares 2x Short COIN Daily ETF during the 2nd quarter valued at about $145,000.
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.
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