GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 6,603 shares, a decline of 91.8% from the September 15th total of 80,614 shares. Based on an average daily volume of 516,577 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.3% of the shares of the stock are sold short.
GraniteShares 2x Short COIN Daily ETF Price Performance
Shares of NASDAQ:CONI traded down $2.36 during trading on Friday, reaching $25.47. The company had a trading volume of 506,593 shares, compared to its average volume of 246,247. The company has a fifty day moving average of $33.59 and a two-hundred day moving average of $45.08. GraniteShares 2x Short COIN Daily ETF has a 12 month low of $19.30 and a 12 month high of $141.65.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. raised its position in 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 in the last quarter. IMC Chicago LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF during the first quarter worth about $350,000. Finally, Group One Trading LLC boosted 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 worth $37,000 after purchasing an additional 569 shares in the last quarter.
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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