GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) Short Interest Update

GraniteShares 2x Short COIN Daily ETF (NASDAQ:CONI) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 7,420 shares, a decrease of 37.2% from the May 31st total of 11,808 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 146,631 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Short COIN Daily ETF Stock Down 6.6%

Shares of CONI stock traded down $3.46 during trading hours on Thursday, reaching $48.70. 95,558 shares of the company traded hands, compared to its average volume of 217,253. GraniteShares 2x Short COIN Daily ETF has a 12-month low of $28.40 and a 12-month high of $141.65. The firm has a 50-day moving average price of $49.22 and a 200 day moving average price of $61.11.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Short COIN Daily ETF during the second quarter valued at about $271,000. Two Sigma Securities LLC purchased a new position in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter valued at about $283,000. Jump Financial LLC bought a new position in shares of GraniteShares 2x Short COIN Daily ETF in the second quarter worth about $1,554,000. Jane Street Group LLC boosted its stake in shares of GraniteShares 2x Short COIN Daily ETF by 355.6% in the second quarter. Jane Street Group LLC now owns 201,460 shares of the company’s stock worth $486,000 after acquiring an additional 157,242 shares during the period. Finally, HRT Financial LP purchased a new stake in shares of GraniteShares 2x Short COIN Daily ETF during the fourth quarter worth about $212,000.

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.