GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) was the recipient of a significant 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. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 87,099 shares, the days-to-cover ratio is currently 0.1 days.
GraniteShares 2x Short COIN Daily ETF Stock Up 12.3%
CONI stock traded up $3.53 during trading on Tuesday, hitting $32.15. 166,999 shares of the company’s stock traded hands, compared to its average volume of 218,139. GraniteShares 2x Short COIN Daily ETF has a 52 week low of $27.39 and a 52 week high of $141.65. The stock has a fifty day moving average price of $47.98 and a two-hundred day moving average price of $54.05.
Institutional Investors Weigh In On GraniteShares 2x Short COIN Daily ETF
Several institutional investors and hedge funds have recently bought and sold shares of CONI. Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Short COIN Daily ETF by 506.6% during the first quarter. Optiver Holding B.V. now owns 17,604 shares of the company’s stock valued at $1,083,000 after purchasing an additional 14,702 shares during the last quarter. Jane Street Group LLC grew its stake in 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 worth $486,000 after buying an additional 157,242 shares during the last quarter. IMC Chicago LLC acquired a new stake in GraniteShares 2x Short COIN Daily ETF in the first quarter worth $350,000. Group One Trading LLC increased its position in 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. Finally, StoneX Group Inc. bought a new stake in GraniteShares 2x Short COIN Daily ETF in the second quarter valued at $40,000.
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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